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revenue management chapter 1 Exam Questions Latest Updaterevenue management chapter 1 Exam Questions Latest Update

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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

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Revenue Management Chapter 1
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Institution
Revenue management chapter 1
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Revenue management chapter 1

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Uploaded on
June 22, 2024
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