COMPLETION QUESTIONS Yield Management Systems

question 10

Essay

COMPLETION QUESTIONS
Yield Management Systems
Profit-Oriented
Volume-Oriented
Value
Price/Demand Elasticity
Fixed
Variable
Contribution Margin
Breakeven Point
Price Bundling
Pure Price Bundling
-_________ indicates that only the specified bundle of offerings is available to the customer.

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Definitions:

Measures of Activity

Quantitative techniques or metrics used to assess the level of activity or operations within a business or process.

Cost Formulas

Equations used to calculate and anticipate the costs associated with manufacturing a product or providing a service, often considering variables such as materials, labor, and overhead.

Performance Reports

Documents that compare budgeted or planned performance against actual performance.

Spending Variance

The difference between the actual amount spent and the budgeted amount, often analyzed in budgeting and cost management.