To Use Yield Management Strategies a Business Should Have Which

question 123

Multiple Choice

To use yield management strategies a business should have which combination of costs?

• A) high variable and high fixed
• B) low variable and high fixed
• C) high variable and low fixed
• D) low variable and low fixed
• E) mixed variable and semi-fixed

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Definitions:

Respondent Behavior

Respondent behavior refers to automatic, reflexive responses to stimuli, as described in classical conditioning theories in psychology.

Operant Behavior

Behavior that is controlled by consequences, such as rewards or punishments.

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where a behavior is rewarded after an unpredictable amount of time has passed.

Behavioral Responses

Actions or reactions of an organism as a result of external or internal stimuli.