Profit Will Depend Primarily on Which of the Following

question 72

Multiple Choice

Profit will depend primarily on which of the following?

• A)the amount of revenue that your company can bring in
• B)both revenue and cost
• C)the value of the company
• D)the number of customers generated

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Cost to Sellers

The expenses incurred by sellers in providing a good or service, including production costs, labor, materials, and overhead.

Value to Buyers

The maximum amount of money buyers are willing to pay for a good or service, reflecting the perceived utility or benefit derived from the purchase.

Cost to Sellers

The total expenses that a seller has to bear to produce and sell a product, including production, marketing, and distribution costs.