1. What is meant by 'total revenue'?
The quantity of products that a business sells over a set period of time
The money left once all of a business's costs have been taken away
The selling price of a product multiplied by the number of units sold
The amount a business charges a customer for a single unit of a product
2. What is meant by 'selling price per unit'?
The amount of money received from all of the sales made in a period
The number of items that a business expects to sell over a period
The amount of money it costs a business to produce one item
The amount of money a customer is charged for one item