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Revenue Management Exam Questions & Answers 100% Solved
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Revenue - ANSWER-The total amount of sales achieved in a specified time period. Revenue is calculated as: - ANSWER-Number of units sold x Unit Price What do effective managers of an organizations revenues must do these three things... - ANSWER--Understand the importance of revenue management -Understand the many complex factors that influence revenue management strategy and tactics -Become better at making revenue management decisions than their competitors Accountant's Profit Formula - ANSWER-Sales = Cost + Profit ----> Profit = Revenue - Expense Profit - ANSWER-The net value achieved by a seller and a buyer in a business transaction Economist's Profit Formula - ANSWER-Profit = The reward for risk
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Revenue Management
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Revenue Management
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revenue management exam questions answers 100 s
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revenue answer the total amount of sales achieve
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