What Are Yield Management Systems Used For

question 130

Multiple Choice

What are yield management systems used for?

• A)to determine the availability of product substitutes in complex industries that are experiencing rapid change
• B)to profitably fill unused capacity
• C)to predict necessary service levels to achieve revenue goals
• D)to create elastic demand for low-involvement products

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Definitions:

High Standards

Refers to the aspiration or requirement for excellence or superior quality in performance or condition.

Continuing Education Units (CEUs)

A measure used in continuing education programs, particularly for professionals, to maintain licensure or certification through courses and training.

Certified

Officially recognized or having received a certification that verifies an individual's qualification or a product's standards.

RMAs

Refers to Return Merchandise Authorization, a process used by companies to authorize the return of defective products for repair, replacement, or refund. If referring to a different context, clarification is needed.