Other questions in this quiz

2. If a company reduces a product's price, what does this mean for their revenue?

  • There could be an increase or decrease in revenue.
  • There will be a decrease in revenue.
  • There will be an increase in revenue

3. How do you calculate total revenue?

  • Quantity sold x Average price.
  • Quantity sold x Average cost.
  • Quantity sold x Average profit.

4. What does the amount of revenue a business earns each month depend on?

  • Selling price.
  • Both selling price and quantity sold.
  • Quantity sold.

5. What is revenue sometimes called?

  • Turnover.
  • Overheads.
  • Price.

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Finance resources »