Revenue Streams Crash Course

What is the formula to calculate profit in a business?

• Profit = Revenue + Expenses

• Profit = Revenue - Expenses

• Profit = Expenses - Revenue

• Profit = Revenue / Expenses

Which revenue stream involves charging a fee for the temporary use of a physical item?

• Product sales

• Licensing

• Renting or leasing

• Subscription

What type of revenue stream do real estate agents use to earn money?

• Advertising

• Subscription fee

• Brokerage fee

• Usage fee

Which pricing strategy involves changing prices based on competitive advantage?

• Pricing disruptor

• Pricing pioneer

• Revenue driver

• Margin expander

What should businesses consider when setting prices for their products?

• Only what competitors are charging

• Only the cost of production

• Customer feedback and competition only

• Costs, competition, and customer feedback