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Figure 1.2
Using the figure above, identify the labeled part.
-Label R: ______________________________
Revenue Management
The strategic use of pricing and inventory control to maximize revenue, commonly applied in sectors with fixed capacities, such as hotels or airlines.
Diploma Covers
Protective and presentational folders or cases used to hold and display diplomas.
Gross
Gross commonly refers to the total amount before any deductions are made, such as expenses, taxes, or discounts.
Black Market
Illegal trade of goods or services, typically to avoid taxes or regulations, or because the goods are illicit.
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