Define Abnormal Behavior

question 95

Essay

Define abnormal behavior. Describe the four common standards for identifying abnormal behavior, (1) give an example for each standard that illustrates an abnormal behavior, and (2) state or exemplify a limitation of that standard.

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Definitions:

Reserved Capacity

A business strategy where a portion of production capability or service availability is set aside for a particular customer or project.

Revenue Management

Is the practice of strategically controlling inventory and pricing to maximize revenue, commonly used in industries like hotels, airlines, and hospitality.

Available Supply

The quantity of goods or materials in stock that is ready to be sold or distributed.

Maximize Profits

Maximizing profits is the strategic goal of increasing a company's earnings to its highest possible level by optimizing revenue streams and reducing costs.