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To find the revenue-maximizing price, a factory selling shoes would start with a low price and increase it until the the point at which its revenue begins to decrease.
By using a derivative, you can take a supply function and determine the marginal revenue at any given quantity of product.
Learn about the marginal cost of production and marginal revenue and how the two measures are used together to determine the profit maximization point.
The pricing strategy adopted by sales teams plays a pivotal role in determining a company's revenue and profitability. However, finding the right balance between competitiveness and profitability ...
How to Create the Average Function to Calculate Average Projected Revenue in Excel. If you track your daily earnings using an Excel spreadsheet, you can use the same spreadsheet to estimate your ...
As a solo entrepreneur, here are three ways to maximize the revenue potential of your business.