Revenue management was developed by _______.

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

Answer: Bell laboratories

Business

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Mark owns a chain of hotels. Roby acquires a license that allows him to extend the chain under the supervision and control of Mark. This type of license is an example of a ________

A. franchise B. patent C. copyright D. patent pool

Business

What refers to a strategy of seeking ownership of, or increased control over a firm's competitors?

A) Forward integration B) Conglomerate diversification C) Backward integration D) Horizontal integration E) Concentric diversification

Business