Identify a True Statement About Yield Management Systems

question 73

Multiple Choice

Identify a true statement about yield management systems.

• A)​They determine the availability of product substitutes in industries that are experiencing rapid change.
• B)They use a software that employs techniques such as discounting early purchases and limiting early sales at these discounted prices.
• C)They predict necessary service levels required to achieve revenue goals.
• D)​They determine whether it is financially more feasible to buy a new product or repair a broken one.

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Definitions:

Self-Fulfilling Prophesy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Mass Education

A system of education designed to provide basic education to large populations at once, typically through public schooling.

Gender Roles

The behaviors, tasks, and responsibilities that a society considers appropriate for men, women, and gender-diverse individuals.

Academic Dishonesty

is any type of cheating that occurs in relation to a formal academic exercise, violating the integrity of the educational process.