Modern Revenue Management Systems Maximize Revenue Potential for an Organization

question 32

Multiple Choice

Modern revenue management systems maximize revenue potential for an organization by helping to manage

• A)pricing strategies.
• B)reservation policies.
• C)short-term supply decisions.
• D)All of these are correct.

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Definitions:

Geocentric

An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.

Ethnocentric

The belief in the superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.

Isocentric

Referring to something having a central focus or point that is equal in all directions; often used in geometric contexts.

Regional

Refers to activities, strategies, or influences focused on specific geographic areas or regions, often taking into account local customs, needs, or resources.