Revenue Management May Be Defined as

question 49

Multiple Choice

Revenue management may be defined as

• A)the use of differential costing based on product or capacity availability to decrease supply chain cost.
• B)the use of differential costing based on customer segment,time of use,and product or capacity availability to increase profitability.
• C)the use of differential pricing based on customer segment,time of use,and product or capacity availability to decrease supply chain surplus.
• D)the use of differential pricing based on customer segment,time of use,and product or capacity availability to increase supply chain surplus.

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Definitions:

Opportunity Cost

The expense incurred from overlooking the next most favorable choice during a decision-making process.

Microchip(s)

Small semiconductor devices that contain integrated circuits used for various technological applications.

Tire

A rubber covering, typically inflated or surrounding an air-filled tube, placed around a wheel to form a cushioned contact with the road.

Opportunity Cost

The dismissal of prospective benefits from other opportunities by settling on one choice.