To Use Yield Management Strategies a Business Should Have Which

question 68

Multiple Choice

To use yield management strategies a business should have which combination of costs?

• A) high variable and high fixed
• B) low variable and high fixed
• C) high variable and low fixed
• D) low variable and low fixed
• E) either A or B

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Definitions:

Additional Obligations

Additional obligations mean extra duties or responsibilities that may be added to an agreement or contract beyond its originally stipulated terms.

UCC

A vast array of regulatory provisions for commercial transactions in the United States is constituted within the Uniform Commercial Code.

Incidental Beneficiaries

Third parties who might benefit from a contract incidentally but have no enforceable rights in that contract.

Intended Third-Party Beneficiaries

Individuals or groups not directly involved in a contract who are nevertheless intended by the contracting parties to benefit from the contract's performance.