Which of the Following Characteristics Makes Revenue Management UNATTRACTIVE to Organizations

question 99

Multiple Choice

Which of the following characteristics makes revenue management UNATTRACTIVE to organizations that have perishable inventory?

• A)demand can be segmented
• B)service can be sold in advance of consumption
• C)capacity is easily changed
• D)variable costs are low and fixed costs are high
• E)demand fluctuates

Understand the concepts of manufacturing overheads, conversion costs, and how they relate to product costing.

Analyze the impact of sales volume changes on costs and profitability.

Identify different cost models and their applications in financial reporting and decision making.

Comprehend the relevance range and its impact on cost calculations and analysis.

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Definitions:

Federal Government

The national government of a federation, which holds the authority over matters that affect the entire country, such as defense, foreign policy, and monetary policy.

Personally Liable

Responsibility on an individual level for debts or legal obligations, rather than through an intermediary like a corporation or LLC.

Partnership

An authorized business setup where multiple individuals participate in management and equally divide profits.

Profits

Financial gains obtained after deducting the costs, expenses, and taxes associated with doing business or an economic activity.