The graph on the left shows that of all the businesses in the United States only
ID: 394812 • Letter: T
Question
The graph on the left shows that of all the businesses in the United States only 20% are corporations.
The graph on the right shows that corporations generate 81% of the business revenue in the United States.
In ONE WORD, can you tell why 20% of the businesses are able to generate 81% of the business revenue? After your one word answer, please elaborate on what is it about the corporate form of business organization that causes this to happen?
Answer in the Text Box and submit.
Percentage of Total Receipts Sole proprietorships Partnerships 13% 6% Percentage of Businesses : Corporations 20% Partnerships 0% Sole proprietorships 72% Corporations 81%Explanation / Answer
These 20% Corporations are large MNCs who have diverse businesses, multiple business divisions who generate more revenue compared to rest 80% small, individual or even mid scale firms.
Large MNCs also have more customers, who generate more revenue/ customer company, hence their market share and share of wallet/ customer is high enough to contribute 81% of revenue in the US. More Dedication to work towards less number of clients or call it better Key Account Management per customer is the key factor to such revenue generation.
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