An Effective Revenue Management Tactic When Faced with Seasonal Peaks

question 48

Multiple Choice

An effective revenue management tactic when faced with seasonal peaks is to charge a

• A)high price during the peak period and a higher price during off-peak periods.
• B)higher price during the peak period and a lower price during off-peak periods.
• C)lower price during the peak period and a higher price during off-peak periods.
• D)low price during the peak period and a lower price during off-peak periods.

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Definitions:

External Change

Modifications or transformations that occur outside an organization and impact its operations, often requiring adaptation.

Informal Groups

Social groups that form naturally within the workplace or social settings based on personal relationships and common interests.

Organizational Structure

The system of rules, roles, and responsibilities within an organization that determines how it operates and achieves its objectives.

Whistle-blowing

The act of exposing any kind of information or activity deemed illegal, unethical, or not correct within an organization by an employee or former employee.