Modern Revenue Management Systems Maximize Revenue Potential for an Organization

question 14

Multiple Choice

Modern revenue management systems maximize revenue potential for an organization by helping to manage

• A) pricing strategies.
• B) reservation policies.
• C) short-term supply decisions.
• D) All of the alternatives are correct.

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Definitions:

Industrially Advanced Nations

Countries that have highly developed industries and infrastructure, often characterized by high levels of income, technological innovation, and standard of living.

Managed Float

A currency exchange rate policy where the central bank allows the currency value to fluctuate in the foreign exchange market but intervenes to prevent excessive movements.

Fixed Rate System

A monetary system in which exchange rates are set and maintained at a certain level by a government or central bank.

Flexible Exchange Rates

A system in which the worth of a currency is permitted to vary based on the foreign exchange market, free from direct governmental interference.