In Yield Management,the Mechanism Used to Match Capacity with Demand

question 47

Multiple Choice

In yield management,the mechanism used to match capacity with demand is by

• A)varying production levels.
• B)keeping production constant.
• C)changing price levels.
• D)using inventory buffers.

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Definitions:

Days Sales Outstanding

A measure of the average number of days it takes a company to collect payment after a sale has been made, indicating the effectiveness of its credit and collections policies.

Financial Condition

An overview of a company's financial health, including assets, liabilities, equity, income, and cash flows.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Book Value

The net value of an asset, calculated as its original cost minus depreciation, amortization, or impairment costs.