Yield Management Is the Practice of

question 221

Multiple Choice

Yield management is the practice of

• A)determining production functions to minimize production costs.
• B)forecasting competitors' responses to price changes.
• C)using buyer data to rapidly adjust prices.
• D)using information technology to find the best interest rate.

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Definitions:

Job Involvement

The level of psychological identification or commitment a person has toward their job and its importance in their life.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding conflicting beliefs, ideas, or values at the same time.

Go Beyond

To exceed or surpass established limits or expectations.

Emotional Commitment

A individual's sense of passion and attachment towards their organization, reflecting how emotionally invested they are in its success.