Businesses That Produce and Sell Tangible Products Such as Steel

question 219

Multiple Choice

Businesses that produce and sell tangible products such as steel and machines are part of the

• A) manufacturing industry.
• B) knowledge-based industry.
• C) service industry.
• D) production sector.

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Definitions:

Yield Management

A pricing strategy used in industries with fixed capacities, such as hotels and airlines, to maximize revenue through the manipulation of prices based on demand.