A Revenue Management (RM) System for an Airline Seeks to Minimize

question 39

True/False

A revenue management (RM) system for an airline seeks to minimize each customer's ticket price of travel on the airline's flights.

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Definitions:

Societal Impact

The effect of an action or organization on the larger community or society, encompassing social, economic, and environment aspects.

Gifted

Possessing high intelligence (an IQ of 130 or higher) and/or superior talent in a particular area.

Superior Talent

An exceptional or outstanding ability in a particular area or domain, significantly surpassing the average individual's capabilities.

IQ

Intelligence quotient, a measure of a person's intellectual abilities in relation to the average performance of individuals in a given age group.