Which of the Following Statements Is True About Yield Management

question 15

Multiple Choice

Which of the following statements is true about yield management systems (YMS) ?

• A)They are used to eliminate the problem of simultaneous production and consumption from services.
• B)They are restricted to use only in service industries.
• C)They are complex pricing systems used to establish price equilibrium.
• D)They are used to make profitable use of the unused capacity of perishable goods.

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Definitions:

Locational Transition Fit

A type of fit defined by tolerances that allows for a limited amount of either interference or clearance between assembled parts.

Clearance

The intentional space or gap between two mating parts to ensure there is no unwanted friction or binding during operation.

Interference Fit

A method of fitting two parts together using a dimension in which the size of the hole is smaller than the size of the shaft to be inserted, creating a high-pressure seal.

Locational Fits

Types of fits defined by standard tolerances that determine how tightly or loosely two parts will connect, particularly regarding their location accuracy.