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:

Environmental Constraints

Limitations or restrictions on actions or operations imposed by the external environment, including legal, economic, technological, and social factors.

Divide Labour

The process of breaking down work into distinct tasks that are distributed among different workers or groups, aiming to increase efficiency and productivity.

Coordinate Labour

The organization and alignment of worker efforts and tasks to ensure efficient and effective achievement of collective goals.

Achieve Goals

The process of setting targets and successfully reaching them through planning and effort.