INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are total revenues?
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All the money going out of a business
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All the sales only money from the business
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All the money coming into a business
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None of the above
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Explanation:
Detailed explanation-1: -Total revenue is the amount of money a company brings in from selling its goods and services. In other words, company’s use this metric to determine how well they’re generating money from their core revenue-driving operations. Marginal revenue directly links to total revenue.
Detailed explanation-2: -Total revenue is all income generated from the total sales of goods and services regardless of revenue source: sales, marketing, customer success, and investments. Total revenue is almost always higher than sales revenue because it is the cumulation of all revenue generating channels of a company.
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