How Can a Firm Increase Total Revenue

question 163

Multiple Choice

How can a firm increase total revenue?

• A) when demand is elastic and price decreases
• B) when demand is elastic and price increases
• C) when demand is unitary elastic and price increases
• D) when demand is unitary elastic and price decreases
• E) when demand is inelastic and price decreases

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Definitions:

Environmental Risks

Potential threats and uncertainties to the environment resulting from human activities or natural processes that may cause harm to living organisms and ecosystems.

Consumer Perceptions

Consumer perceptions are the attitudes, beliefs, and impressions that consumers have towards a product, brand, or service, influencing their purchasing decisions.

Relationship and Image Costs

Relationship and Image Costs entail the expenses associated with building and maintaining relationships with stakeholders and the cost of developing and preserving a company's public image.

Conventional Environmental Costs

Traditional costs associated with environmental management, including prevention, detection, and remediation of environmental damage.