It Is Estimated That by 2022, the Size of the B2B

question 60

Multiple Choice

It is estimated that by 2022, the size of the B2B market will reach:

• A) $730 million.
• B) $7.3 billion.
• C) $730 billion.
• D) $7.3 trillion.

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Definitions:

Total Revenue

The overall amount of money generated by a company from its sales of goods or services, before any expenses are subtracted.

Total Output

The total amount of goods and services produced by an economy or firm.

Marginal Product

The extra production achieved by the utilization of an additional unit of a specific input while keeping all other inputs unchanged.

Demand Curve

An illustration depicting how variations in the price of a good or service affect its demand within a certain timeframe.