Concepts of revenue explain

1.	Concepts of revenue explain
Answer» Answer: Revenue refers to the amount received by a firm from the sale of a GIVEN quantity of a commodity in the market. Revenue is a very IMPORTANT concept in economic analysis. It is DIRECTLY influenced by sales level, i.e., as sales increases, revenue ALSO increases.

Answer»

Answer:

Revenue refers to the amount received by a firm from the sale of a GIVEN quantity of a commodity in the market. Revenue is a very IMPORTANT concept in economic analysis. It is DIRECTLY influenced by sales level, i.e., as sales increases, revenue ALSO increases.

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Concepts of revenue explain