Industries in Which Revenue Management Techniques Are Easiest to Apply

question 49

Multiple Choice

Industries in which revenue management techniques are easiest to apply are those where:

• A)use tends to be predictable,and pricing tends to be fixed.
• B)use tends to be predictable,and pricing tends to be variable.
• C)use tends to be uncertain,and pricing tends to be fixed.
• D)use tends to be uncertain,and pricing tends to be variable.
• E)All of the above,i.e. ,there is no difference.

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Definitions:

Government Purchases

Expenditures made by the government for goods and services that are necessary for the public sector and to support economic activity.

National Output

The total value of goods and services produced by a country's economy over a specific period of time. It's synonymous with gross domestic product (GDP).

Crowding-Out Debate

A discussion on how government borrowing or spending may lead to reduced investment in the private sector due to increased interest rates or other mechanisms.

Keynesians

Economists and theories following the principles of John Maynard Keynes, emphasizing the role of government intervention to moderate economic cycles.