Current revenue streams refer to the various sources of income that a business generates in order to sustain and grow its operations. These revenue streams can include sales of products or services, advertising revenue, subscription fees, licensing agreements, and partnerships with other companies. Diversifying revenue streams is essential for a business's long-term success, as it helps to minimize risk and ensure sustainable growth. Businesses must constantly assess and adapt their revenue streams to keep up with changing market trends and consumer preferences.
This mind map was published on 31 July 2024 and has been viewed 50 times.