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Revenue Management Ch. 1 Terms Exam Questions With 100% Correct Answers
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Profit - ANSWER-the net value achieved by a seller and a buyer in a business transaction 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 ROI (Return on Investment) - ANSWER-the reward to investors for taking an investment risk Revenue manager - ANSWER-the individual or team responsible for ensuring that a company's prices match a customer's willingness to pay
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Revenue Management Ch. 1 Terms
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Revenue Management Ch. 1 Terms
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profit answer the net value achieved by a seller
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