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:

Small-business Consultants

Professionals offering expert advice to small businesses on various aspects, including management, marketing, and operational strategies to foster growth.

Overhead

Ongoing business expenses not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.

Gray Market

Employs irregular but not necessarily illegal methods; generally, it legally circumvents authorized channels of distribution to sell goods at prices lower than those intended by the manufacturer.

Manufacturers

Businesses or individuals involved in the production of goods using labor, machines, and tools, turning raw materials into finished products.