Promotion of Weekly Discount Airfares by an Airline Would Be

question 22

Multiple Choice

Promotion of weekly discount airfares by an airline would be an example of _____.

• A) demand management
• B) production-rate changes
• C) inventory changes
• D) facility, equipment, and transportation changes

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Definitions:

Rent

Payment made to use or occupy land, a building, machinery, or other assets for a specified period under a lease agreement.

MRP

An abbreviation for Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a factor, such as labor or capital.

Workers

Individuals engaged in a profession or activity, especially one involving manual or physical labor, contributing to the production of goods and services in an economy.

Marginal Physical Product

The additional output produced by adding one more unit of a factor of production, such as labor, while keeping all other factors constant.