Revenue Management System (RMS) Consists of All of the Following

question 15

Multiple Choice

Revenue management system (RMS) consists of all of the following EXCEPT:

• A) forecasting demand.
• B) allocating perishable assets.
• C) deciding when to overbook and by how much.
• D) adding peripheral goods.

Recognize the appropriate use of specialized networks and social media in business.

Comprehend the guidelines for completing professional and clear email messages.

Identify effective strategies for communication within social networks.

Distinguish between different modes of electronic communication and their appropriate business uses.

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Definitions:

Study

A detailed examination and analysis of a subject or phenomenon to discover new information or understand it better.

Communication Codes

Systems of signs and symbols used to convey messages in various forms of communication.

Channel

A medium through which a message is transmitted from sender to receiver.

Basic Communication

The fundamental process of sending and receiving messages through verbal or non-verbal means to convey ideas, emotions, and information.