Revenue Management May Be Defined as

question 49

Multiple Choice

Revenue management may be defined as

• A)the use of differential costing based on product or capacity availability to decrease supply chain cost.
• B)the use of differential costing based on customer segment,time of use,and product or capacity availability to increase profitability.
• C)the use of differential pricing based on customer segment,time of use,and product or capacity availability to decrease supply chain surplus.
• D)the use of differential pricing based on customer segment,time of use,and product or capacity availability to increase supply chain surplus.

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Definitions:

Tenancy At Will

A lease arrangement where either the tenant or the landlord can terminate the agreement at any time without cause.

Indefinite Period

A time frame without a specified end date, often used in contracts or employment agreements to indicate open-ended duration.

Exclusive Right

A privilege given to an individual or entity to be the sole provider or beneficiary of a certain service, product, or right, often for a specific period.

State And Local

Pertains to governance, laws, and administrative matters that are specific to individual states or localities within a country.