Yield Management Is Considered to Be a ________ Approach to Pricing

question 163

Multiple Choice

Yield management is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

LANs

Local Area Networks, a computer network that interconnects computers within a limited area such as a residence, school, or office building.

On-demand Self-service

On-demand self-service refers to the provision of services, resources, or information that can be accessed by users autonomously and immediately when needed, typically over the internet.

Elasticity

Elasticity refers to the economic concept describing the change in the behavior of buyers and sellers in response to a change in price or other factors.

Flexibility

is the quality of being able to adapt to new, different, or changing requirements, in both personal and professional contexts.