Yield Management Systems Are Also Known as ____________

question 42

Multiple Choice

Yield management systems are also known as ____________.

• A)dynamic pricing
• B)static pricing
• C)inventory management systems
• D)stopgap systems

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Definitions:

Successively Less Satisfaction

The phenomenon where each additional unit of a particular good or service consumed provides less satisfaction or utility than the previous one; also known as diminishing marginal utility.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price level.

Coca Cola

A multinational beverage corporation, known for its flagship product, a carbonated soft drink named after the company.

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to achieve a particular goal, such as increasing brand awareness or boosting sales.