Capacity Management Refers to

question 78

Multiple Choice

Capacity management refers to

• A) integrating the service component of the marketing mix with efforts to influence consumer demand.
• B) when the service provider is available but there is no demand.
• C) charging different prices during different times of the day or during different days of the week to reflect variations in demand for the service.
• D) the practice of changing prices for services in real time in response to supply and demand conditions.
• E) the operating cost per hour per employee or technology subtracted from the revenue generated by each full-time employee equivalent.

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Definitions:

Honest Fashion

The practice of presenting oneself or creating designs in a manner that is transparent, ethical, and devoid of deception.

Representativeness Heuristic

A cognitive shortcut that involves judging the likelihood of an event based on how closely it resembles the typical case.

Prototypes

Original or primary forms of something from which copies are made; in cognitive psychology, it refers to a mental image or best example of a particular category.

Likelihood

The probability or chance that a given event will occur.