Service Providers That Use a Yield Management Strategy

question 38

Multiple Choice

Service providers that use a yield management strategy

• A)attempt to increase the number of people using the service while charging the maximum price possible.
• B)attempt to control the costs of producing and delivering the service.
• C)recognize that it is a difficult strategy to implement because of the inherent tradeoff between demand and price.
• D)All of these are true.
• E)None of these is true.

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Definitions:

Non-Reactive

A term describing substances that do not easily undergo chemical reactions or bond with other substances.

Lewis Structure

A graphical representation that depicts the bonding between atoms of a molecule and the lone pairs of electrons that may exist.

Pentane

A volatile, flammable hydrocarbon compound that exists as a colorless liquid, used in various chemical and fuel applications.

Lewis Structure

A visual representation that shows the valence electrons of atoms within a molecule, helping to predict the arrangement of atoms, bond formation, and molecular shape.