Catherine Had Checked the Price of an Airline Ticket in November

question 5

Multiple Choice

Catherine had checked the price of an airline ticket in November month to fly to Daytona Beach for Spring Break and was surprised when she checked again in February that the price had increased significantly.What contributed to the airline raising their prices?

• A)Price bundling
• B)Yield management
• C)Odd pricing
• D)High-low pricing
• E)Predatory pricing

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Definitions:

Profitable

Generating more revenue than the expenses incurred, resulting in a financial gain for the business.

Good Investment

An asset or item that is purchased with the hope that it will generate income or appreciate in the future.

E-commerce

E-commerce involves buying and selling goods or services over the Internet, and the transfer of money and data to execute these transactions.

Retail Sales

The selling of goods and services directly to consumers for their personal use, typically in small quantities.