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Revenue management adjusts the pricing and available supply of assets and has a significant impact on supply chain profitability when one of four conditions exist.Which is not one of the four conditions listed in the textbook?
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" phenomenon.
Proactive Interference
The phenomenon where previously learned information interferes with the recall of newer information.
Retroactive Interference
A cognitive phenomenon where newly learned information interferes with the recall of previously learned information.
Korsakoff's Syndrome
A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most often associated with alcoholism.
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