Discuss the Concept of Revenue Management

question 34

Essay

Discuss the concept of revenue management.Under what specific conditions can it be applied? Some critics of the concept argue that yield management is a form of legal discrimination.Do you agree or disagree? Justify your answer.

---

Definitions:

Performance Evaluation

The systematic process of assessing and reviewing an employee's job performance and productivity, often influencing decisions on promotions, pay raises, and training needs.

Employment Manual

A handbook provided by an employer to outline the organization's policies, procedures, and practices.

Vacation Time

Paid or unpaid time off work granted by employers to employees for leisure and rest.

Observed Holidays

Public or private holidays recognized and celebrated by a society, often with official status.