Analytics Process
Collect
→
Analyze
→
Insight
→
Action
Demand and revenue analysis helps firms understand the relationship between price, quantity, and revenue.
The Demand Curve shows the relationship between price and quantity demanded.
Price Elasticity measures how responsive quantity is to price changes—determining revenue impact.
Total Revenue equals price times quantity; maximum revenue occurs where marginal revenue equals zero.
Revenue Optimization requires balancing price and volume through segmentation and pricing strategies.