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Most book publishers pay authors a percentage of the revenue from book sales. Explain the...

Question:

Most book publishers pay authors a percentage of the revenue from book sales. Explain the conflict that this creates between publishers and authors

Revenue:

Revenue is the total amount of money an organization receives from selling goods and services to its customers. In products, a sale is calculated by taking the average price at which products are sold and multiplying by the total number of products sold. In services, it is calculated by multiplying the value of services with an average price of services.

Answer and Explanation:

Most authors are paid a percentage of revenue from book sales by the publishers. Due to this, it results in conflicts between the two groups. What matters most is the entitlement rights. Writers suggest that they should have the majority share because they own the content. On the other hand, publishers argue that the book has no value if it doesn't reach the market, thus leading to conflict between the two parties as each party wants to get more revenue.


Learn more about this topic:

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How to Calculate Sales Revenue: Definition & Formula

from Financial Accounting: Help and Review

Chapter 5 / Lesson 27
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