Yield Management Pricing Is a Typical Tactic for Services Trying

question 64

Multiple Choice

Yield management pricing is a typical tactic for services trying to manage

• A) perceived risk.
• B) capacity.
• C) cognitive dissonance.
• D) inelasticity of demand.
• E) new product strategy development.

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Definitions:

Statute of Frauds

A legal principle requiring certain contracts to be written and signed to be enforceable, aimed at preventing fraud.

In Writing

The term "in writing" refers to the requirement that certain agreements, contracts, or notices be recorded on paper or in a digital format to ensure legality and enforceability.

Guarantee

A formal assurance, typically by one party to another, that certain conditions will be fulfilled, including quality, performance, or durability of a product or service.

Primary Obligation

The fundamental duty or liability that a party is required to fulfill under a contract.