Yield Management Is Considered to Be a ________ Approach to Pricing

question 163

Multiple Choice

Yield management is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

Outcomes

Refers to the results or consequences that arise from a specific set of actions or conditions.

Upward Delegation

Means passing problems or responsibilities upward in the hierarchy.

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks or functions.

Hierarchy

An arrangement or institution where individuals or entities are classified above or below each other based on their status or power.