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Why Does the Airline Industry Implement Yield Management Pricing Strategies

question 6

Essay

Why does the airline industry implement yield management pricing strategies and how do they do it?


Definitions:

International Trade

The swapping of commodities and services among different nations.

Unskilled Workers

Individuals who lack specialized skills, training, or qualifications for particular jobs or industries.

Imports

Goods and services purchased from other countries.

Services

Intangible products provided to consumers, which can include everything from legal advice to entertainment.

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