Using Dynamic Pricing in Response to Capacity Variability to Ensure

question 27

Multiple Choice

Using dynamic pricing in response to capacity variability to ensure that perishable inventory is not wasted is known as:

• A) yield management.
• B) profit minimization.
• C) capacity loading.
• D) demand optimization.
• E) perishability avoidance.

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Definitions:

Social

Pertaining to society or its organization.

Mastery Orientation

A belief that success stems from trying hard and that failures are influenced by factors that can be controlled, like effort.

Growth Mindset

Viewing one’s skills and characteristics as malleable or changeable.

Internal Explanations

The attribution of an individual's behavior to internal characteristics or dispositions rather than external circumstances.