revenue management chapter 1 Exam Questions Latest Updaterevenue management chapter 1 Exam Questions Latest Update
revenue - ANSWER--total amount achieved in a specific time period (Number of units sold X unit price= revenue) profit - ANSWER--the net value achieved by a seller and a buyer in a business transaction (profit= revenue -expenses) barter system - ANSWER-a trading system in which goods and services are exchanged without the use of money money - ANSWER-an acceptable medium of exchange used as the measure of the value of goods and services economics - ANSWER-the area of study concerned with the production, consumption and transfer of wealth Return On Investment - ANSWER-reward to investors for taking the risk (owners investment return/owners original investment = owners return on investment
Written for
- Institution
- Revenue management chapter 1
- Course
- Revenue management chapter 1
Document information
- Uploaded on
- June 22, 2024
- Number of pages
- 5
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
revenue management chapter 1 exam questions latest
-
revenue management chapter 1 exam questions stuvia
-
revenue answer total amount achieved in a speci
Also available in package deal