Yield Management Can Be Used to Address All of the Following

question 49

Multiple Choice

Yield management can be used to address all of the following problems except

• A)overbooking.
• B)portioning demand into fare classes.
• C)single order quantities.
• D)backorders.

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Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties involved to be enforceable.

Unenforceable

A term used to describe a contract or clause that cannot be legally enforced or compelled in a court of law.

Valid

Having legal force, or being legally binding and enforceable.

Guarantee

A promise or assurance, typically in writing, that certain conditions will be fulfilled, especially that a product will meet certain quality and performance standards.