What Statement Is Correct as It Relates to Natural Disasters

question 12

Multiple Choice

What statement is correct as it relates to natural disasters?

• A) Their impacts can sometimes be mitigated
• B) They always happen quickly
• C) They include infectious diseases
• D) They are predictable

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Definitions:

Yield Management Pricing

A pricing strategy that involves setting flexible prices for products or services based on understanding, anticipating, and influencing consumer behavior in order to maximize revenue.

Dynamic Pricing

The practice of varying the price for a product or service in real time based on market demand, competition, and other factors.

Target Pricing

The practice of setting a price for a product based on what customers are expected to be willing to pay, often considering the competitive landscape and cost constraints.

Profit Leader

A company or business entity that dominates a particular market or industry in terms of profit generation.