ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenues lost to lower prices can be made up through
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higher prices
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higher volume
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lower prices
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lower volume
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Explanation:
Detailed explanation-1: -Factors that determine a company’s total revenue are the price of the goods and the quantity sold. Higher prices lead to decreased revenues for a company based off of the law of demand.
Detailed explanation-2: -Economics is the study of the decisions that go into making, distributing, and using goods and services. The economy is the ways people make, distribute, and use their goods and services.
Detailed explanation-3: -A venture is a new business undertaking that involves risk.
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