How Would You Respond to the Statement,"Only Service Industries Can

question 136

Essay

How would you respond to the statement,"Only service industries can use yield management systems"?

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Definitions:

Technological Advance

The process of providing society with new and improved products and services through improved technology.

Random External Force

An unpredictable event or factor outside the control of a firm or economy that can affect its performance or the market.

Military-Related Research

Research and development activities focused on creating or improving military technology, strategies, and operations.

Capitalism

An economic system where private individuals own and control means of production and operate for profit, with minimal government interference.