Yield Management Pricing Is Most Consistent with Services Trying to Deal

question 170

Multiple Choice

Yield management pricing is most consistent with services trying to deal with

• A)perceived risk.
• B)capacity management.
• C)cognitive dissonance.
• D)inelasticity of demand.
• E)new product strategy development.

---

Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production.

Deductibles

The amount an insured person is required to pay out-of-pocket before an insurance company will cover the remaining costs.

Moral Hazard

The situation where one party is likely to take risks because the negative consequences of the risk will be borne by another party.

Fire Insurance

A type of property insurance that covers damage and losses caused by fire, providing financial protection to property owners.