Yield Management Pricing Is Most Consistent with Services Trying to Deal

question 170

Multiple Choice

Yield management pricing is most consistent with services trying to deal with

• A)perceived risk.
• B)capacity management.
• C)cognitive dissonance.
• D)inelasticity of demand.
• E)new product strategy development.

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Definitions:

Corrective Policy

Corrective Policy refers to government actions taken to fix imperfections in the market, aiming to improve economic efficiency and promote fairness.

Economy

A system by which goods and services are produced, distributed, and consumed within a society or geographical area.

Government

The organized system or group of people governing an organized community, often a state, managing its public policy and affairs.

Lags

Delays in the effect of economic policies or other changes in the economy, which can affect the timing and efficiency of economic outcomes.