A Manager's Right to Make Decisions,issue Orders,and Allocate Resources Best

question 52

Multiple Choice

A manager's right to make decisions,issue orders,and allocate resources best defines

• A)responsibility.
• B)authority.
• C)accountability.
• D)reliability.

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Definitions:

Yield Management Pricing

A pricing strategy that uses demand forecasting and flexibility in pricing to maximize revenue, often used in the hospitality and airline industries.

Dynamic Pricing

A pricing strategy where prices are adjusted in response to real-time supply and demand conditions, market volatility, or customer behavior.

Odd-even Pricing

A pricing strategy where prices are set just below a round number, e.g., $19.99 instead of $20, to create a perception of greater value.

Product-line Pricing

A pricing strategy where different products within the same category are priced differently based on features, costs, or target market segments.