"Yield Management" Is Best Described as

question 143

Multiple Choice

"Yield management" is best described as

• A) a situation where management yields to labour demands.
• B) a situation where the labour union yields to management demands.
• C) a process designed to increase the rate of output.
• D) capacity allocation to different classes of customers in order to maximize profits.
• E) management's selection of a product mix yielding maximum profits.

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Definitions:

Translating

The act of converting text or speech from one language to another, ensuring the meaning is preserved.

Good Coping

Effective strategies and mechanisms used by individuals to manage stress, challenges, and adversity.

Trait

A characteristic or quality that defines an individual, often used to describe patterns in behavior, thought, and emotion.

Conscientiousness

An attribute defined by the qualities of being structured, dependable, and possessing a significant commitment to duty.