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Revenue Management Final Exam Questions With Solved Solutions
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Revenue - ANSWER-The total number of sales achieved in a specific time period. Calculated as: # of units x unit price= Revenue Accountants Profit Formula - ANSWER-Sales= Cost + Profit (Profit= Revenue- Expenses) Profit - ANSWER-The net value achieved by a seller and a buyer in a business transaction ROI (Return on Investment) - ANSWER-ROI= Owners Investment Return / Owners Original Investment Revenue Manager - ANSWER-The individual or team responsible for ensuring that a company prices match a customers willingness to pay Customer-Centric Revenue Management - ANSWER-A revenue management philosophy that places customer gain ahead of short-term revenue maximization in revenue management decision making
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Institution
Revenue Management
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Revenue Management
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revenue management final exam questions with solve
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revenue answer the total number of sales achieve
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