Industries in Which Revenue Management Techniques Are Easiest to Apply

question 49

Multiple Choice

Industries in which revenue management techniques are easiest to apply are those where:

• A)use tends to be predictable,and pricing tends to be fixed.
• B)use tends to be predictable,and pricing tends to be variable.
• C)use tends to be uncertain,and pricing tends to be fixed.
• D)use tends to be uncertain,and pricing tends to be variable.
• E)All of the above,i.e. ,there is no difference.

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Definitions:

Electric Motor

A machine that converts electrical energy into mechanical energy, used in countless applications from household appliances to industrial machines.

Mechanical Energy

The energy possessed by an object due to its motion or position, capable of producing mechanical work.

Electrical Energy

The form of energy resulting from the flow of electric charge, widely used for domestic, commercial, and industrial applications.

Torque

A measure of the force that can cause an object to rotate about an axis.