________ Are Cost Savings That Result When Goods and Services

question 30

Multiple Choice

________ are cost savings that result when goods and services are produced in large volume on automated production lines.

• A) Sunk costs
• B) Economies of scale
• C) Deferred revenues
• D) Economies of scope

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Definitions:

Off-Peak Periods

Times when demand for a product or service is lower than usual, often leading to lower prices or rates as incentives.

Peak Periods

Peak periods are times of high demand or activity within a business or system, often requiring additional resources to meet customer needs or service levels.

Shifting Demand

Refers to the movement or change in consumer demand for a product or service over time, often influenced by factors such as seasonal changes, price fluctuations, and changes in consumer preferences.

Revenue Management

The application of disciplined analytics that predict consumer behavior at the micro-market level to optimize product availability and price to maximize revenue growth.