Which of the Following Statements Is True of Yield Management

question 23

Multiple Choice

Which of the following statements is true of yield management systems?

• A)They determine the availability of product substitutes in industries that are experiencing rapid change.
• B)They use 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 to repair a broken one.

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Definitions:

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract under false beliefs.

Duress

A situation where a person is compelled to act against their will or make a legal decision under the threat of harm.

Undue Influence

Refers to the excessive pressure or influence one person exerts over another to coerce them into a legal agreement, undermining their free will.

Non Est Factum

A defense in contract law where a person argues they were unaware of the nature of the document signed due to a significant mistake.