You Are Sitting Next to a Person in Business Class

question 38

Multiple Choice

You are sitting next to a person in business class on a flight from Los Angeles to Sydney,Australia.You mention to that person that you got your ticket two months ago for only $12,500.The person responds that she bought her ticket two days ago for $7,800.This sometimes happens because airlines often use an approach called:

• A)Capacity management.
• B)Yield management.
• C)Load management.
• D)Workforce leveling.

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Definitions:

Useful Life

Useful life is the estimated duration a fixed asset is expected to be economically usable, affecting its depreciation calculation and financial planning.

Injection Mold

A manufacturing process in which molten material is injected into a mold to produce parts or products of specific shapes and sizes.

Value-based Pricing

A pricing approach that sets the cost of a product or service according to its perceived worth to the consumer, rather than the expenses involved in its creation.

Preventive Maintenance

Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.