Answer:one firm receives patent protection for certain basic produced process.
Explanation: when a firm get patent , monopoly sets in as the firm will be the only one involved in the production of that goods and services throughout the duration of that patent.
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What is the amount of money you still owe to their credit card company called
Credit card balance is the amount of money you still owe to their credit card company
In a revenue management system; the forecasting, allocation, overbooking, and pricing must work in unison if the objective is to maximize the revenue generated by a perishable asset.
<h3>What is a revenue management system?</h3>
Basically, a revenue management system refers to a system that analyzes the combination of competitor rates, historical rates, market dynamics and inventory levels to predict demand and provide rate recommendations. A very good revenue management system will always automate the entire process and generate rates that can maximize revenue and profitability.
One of the example of use of Revenue Management is employed in the businesses of Hotel Management and the Airline Industry. The primary source of most revenue for hotels is found in their room rates and the revenue generated from the bookings is a simple multiplication of price and volume booked.
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Interoperability in the capability of automated structures to connect and talk with each other effortlessly, despite the fact that they were evolved through widely one-of-a-kind manufacturers in specific industries.
Interoperability refers back to the ability of apps, equipment, products, and structures from extraordinary corporations to seamlessly communicate and technique data in a manner that does not require any involvement from end-users.
Interoperability is the capability of or greater systems to exchange fitness information and use the facts once it's miles obtained. it'll take time for all varieties of health IT to be completely interoperable.
Interoperability requirements permit the operational techniques underlying the exchange and sharing of data between specific systems to make sure all virtual studies outputs are Findable, available, Interoperable, and Reusable, in line with the fair principles1.
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