Yield Management Pricing Refers to

question 140

Multiple Choice

Yield management pricing refers to

• A) controlling the production of products based upon seasonal demand.
• B) deliberately selling a product below its customary price, not to increase sales, but to attract customers' attention in hopes that they will buy other products as well.
• C) charging the same prices during different times of the day or days of the week to reflect variations in supply for the service.
• D) offering significant price discounts to wholesalers that agree to purchase products in advance for a period of a year or more at a time.
• E) charging different prices to maximize revenue for a set amount of capacity at any given time.

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Definitions:

Efficiency Of Investment

The degree to which invested resources are used optimally to achieve desired outcomes without waste.

Beneficiary

An individual or entity entitled to receive benefits or profits from a will, trust, insurance policy, or other arrangements designed to distribute assets.

Economic Profit

The profit a company makes after deducting both its explicit (direct) and implicit (indirect) costs.

Allocation Of Resources

The process by which resources are distributed for the production of goods and services, usually determined by market forces in a free market, or by government decisions in a planned economy.