Examlex
Which of the following forms of business ownership is directly linked to the life of its owner?
Average Revenue
The amount of income a business receives per unit of goods or services sold, calculated by dividing total revenue by the quantity sold.
Total Revenue
The total income received by a firm from selling its products; calculated by multiplying the price per unit by the number of units sold.
Market Price
The current price at which an asset or service can be bought or sold in a particular market, determined by the supply and demand for it.
Average Revenue
The average amount of money received per unit of product or service sold, calculated by dividing total revenue by the number of units sold.
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