Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

The revenue-maximizing price is the cost at which a business will make the most revenue for a given item. In order to find the price that will maximize revenue, a business must either experiment with ...

When a small business is first getting started, its goal may appear relatively straight forward: to make as much money as possible for its owners. But for a business to be successful long term, a new ...

With the pressure to increase net income intensifying, hospitals are finding new urgency in the old saw, “every dollar counts.” No longer can health systems focus their efforts on optimizing their ...

Suggestive selling is one of the most effective ways to increase your store’s revenue and profitability. Even small additions to your customer orders can potentially add up to hundreds of thousands of ...

In my consulting work, one question I occasionally receive is “How do you get marketing, sales and account services to work together?” Similarly, “How do you overcome conflict between these different ...