Which of the Following Exemplifies a Yield Management Pricing Strategy

question 131

Multiple Choice

Which of the following exemplifies a yield management pricing strategy?

• A)Lowering cab rental rates on weekends compared to weekdays
• B)Introducing a pack of oatmeal breakfast cereals at a price of $3 which actually cost $5
• C)Charging an exorbitant price for a designer outfit to signal quality and exclusiveness
• D)Selling a brand of soap at 20 percent discount for a limited time period during its introductory stage

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Definitions:

Problem Solving

The process of identifying a problem, analyzing potential solutions, and implementing an effective strategy to address it.

Training Schedule

A planned timetable that outlines the timing and sequence of training sessions or activities.

Nature of Business

Refers to the fundamental characteristics or activities of a company or enterprise, outlining the scope of its operations and industry sector.

Self-Efficacy

An individual's belief in their own ability to successfully accomplish tasks and cope with challenges.