The Objective of Inventory Management in the Airline Industry Is

question 18

Multiple Choice

The objective of inventory management in the airline industry is ______.

• A)to maximize the total revenues generated by the mix of fare classes sold for a flight
• B)to ensure seats are cleaned
• C)to provide the highest quality of service
• D)nonexistent,as there is no inventory relevant to air transportation

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Definitions:

Human Resources Strategy

A plan of action designed to achieve specific organizational goals through the effective management of the workforce, including recruitment, development, and retention of employees.

HR Competencies

Refers to specific knowledge, skills, and abilities required for human resource professionals to effectively contribute to organizational success.

Business Strategy

A plan of action designed to achieve a specific set of objectives and gain a competitive advantage.

Perception Barrier

An obstacle in communication arising from misunderstandings or differences in viewpoints, backgrounds, or personality.