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:

Long-term Strategy

Planning focused on achieving goals and objectives over an extended period of time.

Stakeholders

Individuals or groups interested in or affected by the outcome of a project, decision, or policy.

Incorrect Information

Data or facts that are wrong, misleading, or not based on accurate evidence.

Population Group

A segment of people within a larger community characterized by specific demographic attributes, such as age, gender, or occupation.