Yield Management Systems Are Used To

question 116

Multiple Choice

Yield management systems are used to:

• A) determine the availability of product substitutes in complex industries that are experiencing rapid change
• B) profitably fill unused capacity
• C) predict necessary service levels to achieve revenue goals
• D) determine whether it is financially more feasible to buy a new product or repair a broken one
• E) create elastic demand for low-involvement products

---

Definitions:

Operating Activities

Activities that relate directly to the operation of a company, including production, sales, and day-to-day business functions.

Accounts Receivable

Money owed to a company by customers for products or services that have been delivered but not yet paid for.

Statement of Cash Flows

A financial report summarizing the total cash inflows and outflows experienced by a company.

Operating Activities

The day-to-day actions that businesses undertake to generate earnings, such as selling products or services.