Industries Like Car Rentals Use Yield Management Techniques for Dynamic

question 63

True/False

Industries like car rentals use yield management techniques for dynamic capacity, pricing, and overbooking decisions because of the complexity of the problems they face.

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Definitions:

Paris Parlement

The supreme court of justice in pre-revolutionary France, known for registering royal edicts and sometimes resisting the king's authority by refusing to register policies.

National Assembly

is a legislative body in various countries, and it is often the lower house of a bicameral legislature or a unicameral legislature.

Estates-General

The legislative body in pre-revolutionary France made up of representatives of the three estates: the clergy, the nobility, and the commonpeople.

Third Estate

The common people of France who were not part of the clergy or nobility, representing the vast majority of society and leading the charge in the French Revolution.