Building a Successful E-Business Is No Different Than Building a Successful

question 47

True/False

Building a successful e-business is no different than building a successful brick-and-mortar business,and that requires a well-thought-out strategy.

Grasp the trade-offs involved in overbooking and optimizing the use of capacity.

Recognize the role of revenue management in adjusting pricing and supply to maximize profits.

Understand the factors influencing the reserved quantity for higher price segments and spot markets.

Learn the importance of shifting demand from peak to off-peak periods for supply chain profitability.

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Definitions:

Self-Efficacy

An individual’s belief in their own capability to succeed in specific situations or accomplish a task.

Self-Compassion

The act of being kind and understanding to oneself in instances of pain or failure, rather than being harshly self-critical.

Components

Fundamental parts or elements that make up a system, process, or compound.

Importance

A measure of significance or value given to an idea, object, or action.