Industries in Which Revenue Management Techniques Are Easiest to Apply

question 94

Multiple Choice

Industries in which revenue management techniques are easiest to apply are those where:

• A) use tends to be predictable, and pricing tends to be fixed.
• B) use tends to be predictable, and pricing tends to be variable.
• C) use tends to be uncertain, and pricing tends to be fixed.
• D) use tends to be uncertain, and pricing tends to be variable.
• E) All of these, i.e., there is no difference.

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Definitions:

Inspiratory Reserve

The additional volume of air that can be inhaled after a typical inhalation.

Expiratory Reserve

The additional volume of air that can be forcibly exhaled after the completion of a normal, controlled exhalation.

Residual Volume

The amount of air left in the lungs after a person has exhaled completely.

Aging

The natural and inevitable process of growing older, characterized by gradual changes in the biological, psychological, and social structures of individuals.