When the Airline Industry Offers Discounted but Limited Early Purchases

question 56

Essay

When the airline industry offers discounted but limited early purchases, higher-priced late purchases, and the lowest rates on unsold inventory just before it expires, what kind of a pricing technique are they said to be using?

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Definitions:

Job Design

The process of arranging work tasks for employees, aiming to optimize employee performance and job satisfaction.

Supervision

The process of overseeing the performance and activities of employees to ensure that objectives are met efficiently.

Contingent

Dependent on or conditioned by something else; contingent circumstances or outcomes vary according to specific circumstances.

Explanation

The process of making something clear or understandable by providing detailed information and reasoning.