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Which identifies the reason why producers try to minimize costs and maximize revenue?
Jordan Hubbard
The profit motive.
Jordan Hubbard
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What type of revenue typically comprises net fee and commission income trading revenue and other income?
Non interest revenue
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
Why do producers try to minimize costs and maximize revenue?
The profit motive
What does profit motive push producers to do?
Minimize cost and maximize revenue
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
Explain why producers have to have the profit motive?
Every producer must make a profit in order to remain in business. Without profits, businesses disappear.
What best identifies the reason why producers try to minimize costs and maximizes revenue?
In simple terms... profit ! The bigger the difference in the cost of producing something - to the retail price... the higher the profit margin.
What is oracle brm?
Oracle BRM is Oracle Communications billing and revenue management system. The system helps maximize revenue and minimize loss associated with fraud, reduces lead time for new services, and helps build stronger brands.
What revenue control measures can be applied to minimize leakages?
Non- revenue water can control minimize leakage. This is a type of business.
What is the golden rule of profit maximization?
To maximize profit or minimize loss, a firm should produce the quantity at which marginal revenue equals marginal cost; this rule holds for all market structures
A producers profits are maximized when marginal costs are?
equal to marginal revenue
