Revenue Management Is MOST Likely to Be Used in Which

question 61

Multiple Choice

Revenue management is MOST likely to be used in which one of the following situations?

• A) a fast-food restaurant with wide demand fluctuations during the day
• B) a dental clinic that wants to fill its appointment book
• C) a firm with a good counterseasonal product mix
• D) a shipping company that can change its fleet size easily
• E) an airline attempting to fill "perishable" seats at maximum revenue

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Definitions:

Functionalism

stresses that human behaviour is governed by relatively stable social structures. It underlines how social structures maintain or undermine social stability, emphasizes that social structures are based mainly on shared values or preferences, and suggests that re-establishing equilibrium can best solve most social problems.

Military Intervention

The act of a nation deploying its military forces to enter another territory with the aim of achieving specific political or military objectives.

Land Reform

A government-initiated process of redistributing land, typically from those who own large amounts to those with little or none, with the goal of improving equity and productivity.

Commercial Interests

Activities, decisions, or endeavors driven by the desire to generate profit or financial gain, typically within a business context.