Examlex
Which statement about students' development of recognition and meaning vocabulary is true?
Yield Management Systems
Systems used by companies, especially in the hospitality and airline industries, to adjust prices and availability of products or services in response to market demand, maximizing revenue.
Capacity Utilization
Refers to the percentage of total production capacity that is actually being used by a company over a specific period.
Mass Customization
A marketing and manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
Market Segmentation
The process of dividing a heterogeneous market into smaller, more homogeneous groups of customers with similar needs, characteristics, or behaviors.
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