Which of the Following Is a Reason Why Airline Yield

question 256

Multiple Choice

Which of the following is a reason why airline yield management is an effective method to increase revenue?

• A)because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments
• B)because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets
• C)because a ticket is a contract to transport a specific person, and is not transferable
• D)because airlines have a monopoly in long-distance carriage

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Definitions:

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A statistical technique in decision-making used to select a limited number of tasks that produce significant overall effect, often referred to as the 80/20 rule.

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The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

Fishbone Diagram

A visual tool used to identify, explore, and display the possible causes of a particular problem.