Which of the Following Is a Reason Why Airline Yield

question 256

Multiple Choice

Which of the following is a reason why airline yield management is an effective method to increase revenue?

• A)because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments
• B)because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets
• C)because a ticket is a contract to transport a specific person, and is not transferable
• D)because airlines have a monopoly in long-distance carriage

Assess how pattern recognition is fundamental to human reasoning and its relationship to comparative reasoning.

Distinguish between the use of comparative reasoning for generating ideas and its limitations in proving those ideas.

Describe how comparative reasoning can be both persuasive and risky.

Understand the economic growth and development of British colonies in the eighteenth century.

---

Definitions:

Residual Value

Residual value is the estimated amount that an asset will be worth at the end of its useful life, after depreciation has been taken into account.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Operating Hours

The hours during which a business is open to customers, typically specified for workplaces, retail stores, or service providers.

Machine Purchase

The acquisition of industrial or office machinery, usually considered a long-term investment in assets.