Catherine Had Checked the Price of an Airline Ticket in November

question 38

Multiple Choice

Catherine had checked the price of an airline ticket in November to fly to Daytona Beach for her spring break.She was surprised when she checked again in February that the price had increased significantly.The airline had adjusted its prices based on the demand.This practice is known as _____.

• A) price bundling
• B) yield management
• C) odd pricing
• D) high-low pricing
• E) predatory pricing

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Definitions:

Flexibility

The quality of being adaptable or the willingness to adjust to new conditions, an essential trait in business, technology, and personal growth.

Advantage

A condition or circumstance that places one in a favorable or superior position, often compared to competitors.

OS

Operating System, software that manages computer hardware, software resources, and provides common services for computer programs.

Director

An individual appointed or elected to the board of an organization who is responsible for overseeing and guiding the company's policies, finances, and operations.