Modern Revenue Management Systems Maximize Revenue Potential for an Organization

question 14

Multiple Choice

Modern revenue management systems maximize revenue potential for an organization by helping to manage

• A) pricing strategies.
• B) reservation policies.
• C) short-term supply decisions.
• D) All of the alternatives are correct.

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Definitions:

Psychological Contract

The unwritten, implicit expectations and beliefs about the mutual obligations between employees and employers beyond the formal employment contract.

HR Metrics

Quantitative measures used to track and assess the efficiency and effectiveness of HR policies, processes, and practices.

Productivity

The measure of efficiency in which goods and services are produced, often evaluated in terms of the output generated per unit of input.

Psychological Contract

The unwritten, informal agreement between an employer and employee that outlines mutual expectations, commitments, and obligations.