Which of the Following Statements About Yield Management Systems (YMS)is

question 58

Multiple Choice

Which of the following statements about yield management systems (YMS) is true?

• A) The first use of YMS was in the U.S.car industry as it looked for ways to compete with imports.
• B) YMS eliminate the problem of simultaneous production and consumption from services.
• C) YMS cannot be used by any other businesses but services.
• D) YMS are complex pricing systems used to set equilibrium pricing points.
• E) YMS are mathematically complex systems to make use of underutilized capacity and reduce the cost of perishability.

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Definitions:

Congress

The primary legislative body of the United States, consisting of the Senate and the House of Representatives.

Emancipation

The act of freeing individuals from legal, social, or political restrictions; historically significant in the context of the abolition of slavery.

Southerners

Individuals from the southern part of a country, often referring to those from the southern United States.

Freedman's Bureau

A U.S. federal government agency established in 1865 to aid freed African American slaves during the Reconstruction era by providing food, housing, education, and legal support.