Which of the Following Statements About Yield Management Systems (YMS)is

question 58

Multiple Choice

Which of the following statements about yield management systems (YMS) is true?

• A) The first use of YMS was in the U.S.car industry as it looked for ways to compete with imports.
• B) YMS eliminate the problem of simultaneous production and consumption from services.
• C) YMS cannot be used by any other businesses but services.
• D) YMS are complex pricing systems used to set equilibrium pricing points.
• E) YMS are mathematically complex systems to make use of underutilized capacity and reduce the cost of perishability.

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Definitions:

Line

In a geometric sense, an infinitely long, straight figure with no thickness, extending in both directions and defined by a set of points that align.

Labor Force Participation

The ratio of the labor force to the total working-age population, indicating the percentage of the population that is either employed or actively seeking employment.

Slope

The measure of the steepness or incline of a line or surface, often expressed as a ratio of rise to run or as an angle in degrees.

Price

The cost in currency anticipated, called for, or dispensed in payment for a thing.