Yield Management Is the Process of Allocating the Right Type

question 46

True/False

Yield management is the process of allocating the right type of capacity to the right type of customer at the right prices at the right time to maximize revenue or yield.

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Definitions:

Bipedalism

The ability to walk on two legs, a characteristic feature of humans and our ancestors that allows for a range of motion and energy efficiency.

Hominids

A family of primates that includes humans, their ancestors, and other extinct related species, characterized by bipedalism, large brains, and complex behavior.

Cerebrum

A large, convoluted subdivision of the vertebrate brain; in humans, it functions as the center for learning, voluntary movement, and interpretation of sensation.

Primates

An order of mammals including humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and complex social behaviors.