Capacity Management Refers to

question 78

Multiple Choice

Capacity management refers to

• A) integrating the service component of the marketing mix with efforts to influence consumer demand.
• B) when the service provider is available but there is no demand.
• C) charging different prices during different times of the day or during different days of the week to reflect variations in demand for the service.
• D) the practice of changing prices for services in real time in response to supply and demand conditions.
• E) the operating cost per hour per employee or technology subtracted from the revenue generated by each full-time employee equivalent.

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Definitions:

National Security

The safeguarding of a nation's physical, economic, and digital security interests against threats.

Economic Growth

An increase in a country's production of goods and services over time, shown by a rise in its Gross Domestic Product (GDP).

Private Property Rights

The legal rights to possess, use, and dispose of land or belongings owned by an individual or entity.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.