The Core Concept of Yield Management Is to Provide the Following

question 5

Multiple Choice

The core concept of yield management is to provide the following except:

• A) to the right customers.
• B) the right service.
• C) at the right time.
• D) with the right travel agents.
• E) for the right price.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range or period.

Weighted Average

A calculation that takes into account the varying weights of different items in a dataset, commonly used in inventory costing.

Unit Selling Price

The price that a customer pays for one unit of a product or service.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some numbers more than others.