The term used for revenues less cost of goods sold and operating expenses is:

A) Earnings before taxes.
B) Net income.
C) Taxable income.
D) Earnings before interest and taxes.
E) Gross profit.

Operating Expenses

The costs related to the day-to-day operations of a business, excluding cost of goods sold.

Cost of Goods Sold

The total cost of manufacturing or purchasing the goods a company has sold during a period.