How can you use cost and revenue functions to evaluate business success in a changing industry?
If you run a business in a changing industry, you need to adapt to the market conditions and the customer demand. One way to do that is to use cost and revenue functions to evaluate your business success and make strategic decisions. In this article, you will learn what cost and revenue functions are, how to find them, and how to use them to optimize your profit, break-even point, and market share.