Revenue Management Methodology Was Originally Developed for

question 30

Multiple Choice

Revenue management methodology was originally developed for

• A) a cruise line.
• B) an airline.
• C) a car rental company.
• D) a hotel chain.

---

Definitions:

Reasonable Commercial Standards

A set of practices that are considered acceptable and customary in a particular industry or line of business.

Fair Dealing

A principle requiring parties, especially in financial transactions or fiduciary relationships, to act in an honest and open manner without taking unfair advantage.

Substantially Impair

To significantly diminish or weaken the value, function, or condition of something.

UCC Specifications

Standards and rules developed under the Uniform Commercial Code that govern commercial transactions within the United States.