A company's revenue is determined by which of the following equations?
A) Price × Volume
B) Marginal Profit - Marginal Costs
C) Profit - Expenses
D) Trial + Repeat
E) Marginal Costs × Profit

Question

A company's revenue is determined by which of the following equations? 
A) Price × Volume 
B) Marginal Profit - Marginal Costs 
C) Profit - Expenses 
D) Trial + Repeat 
E) Marginal Costs × Profit

Quizplus · Accepted Answer

Revenue is calculated by multiplying the price of a product or service by the volume of units sold. Therefore, the correct equation is Price × Volume.

A Company's Revenue Is Determined by Which of the Following