Yield Management Is an Important Tool That Can Be Used

question 52

True/False

Yield management is an important tool that can be used to shape demand patterns.

---

Definitions:

Net Operating Income

A company's earnings derived from its regular business operations, excluding income from investments and after expenses have been deducted.

Price Hike

An increase in the price of goods or services.

Value-Based Pricing

A pricing strategy where the price of a product or service is set based on the perceived value to the customer rather than the cost of production.

Useful Life

The estimated duration of time a fixed asset is expected to be useful and productive for its intended purpose.