TRUE, in general, a price increase in hospitality products, which have elastic demand, will decrease the total revenues.
Revenue is the entire quantity of income generated with the aid of the sale of goods and services associated with the primary operations of the business. commercial revenue can also be called income or as turnover. some organizations acquire revenue from interest, royalties, or other prices.
Sales is the full amount of income generated by using the sale of goods or offerings related to the business enterprise's number one operations. revenue, additionally known as gross sales, is frequently known as the "pinnacle line" as it sits on the top of the profits assertion.
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