Yield Management Systems Are Used To

question 116

Multiple Choice

Yield management systems are used to:

• A) determine the availability of product substitutes in complex industries that are experiencing rapid change
• B) profitably fill unused capacity
• C) predict necessary service levels to achieve revenue goals
• D) determine whether it is financially more feasible to buy a new product or repair a broken one
• E) create elastic demand for low-involvement products

---

Definitions:

Irrational

Referring to thoughts, actions, or behaviors not based on logical reasoning or rationality.

Self-centered

Describes an individual who is overly focused on their own feelings, needs, or interests, often at the expense of others.

Self-doubt

The feeling of uncertainty about one's abilities, decisions, or worth.

Motivated

Having a desire, willingness, or drive to take action or achieve something, often stemming from personal goals or external incentives.