Term Paper-Calculating Revenue
Calculating Revenue
Before identifying costs in a new business, it is necessary to calculate revenue. All costs will be based on your anticipated revenue because costs are generated based on what it takes to produce the product for sale. This module you are going to think about your new business and determine what the first year in sales looks like.
Describe what product or service you will be selling.
How much will you charge for your product or service?
How many units of the product or service do you anticipate being able to sell over the first year?
