Razor Automobiles Inc. has slightly different versions of the same car for the American, European, and Asian markets. Its employees are grouped into divisions based on the market they have been assigned. This is an example of _____ departmentalization.

Fill in the blank(s) with the appropriate word(s).

Geographical

Business

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In revenue management, the two levers for services are price and duration.

a. true b. false

Business

A number of top fashion-modeling agencies would most likely be charged with ________ for jointly determining what commissions they would charge for models

A) prestige pricing B) price lining C) price bundling D) dynamic pricing E) price fixing

Business