Yield Management Seeks to Maximize Profit from Time-Sensitive Products and Services

question 51

True/False

Yield management seeks to maximize profit from time-sensitive products and services.

---

Definitions:

Least Power

A principle suggesting that in a social relationship, the person who cares the least has the most power.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient information, often leading to discrimination and social injustice.

Oppression

Oppression involves subjecting a group or individual to unjust treatment or control, often systemically through institutional, social, or economic means.