Yield Management Is Most Likely to Be Used in Which

question 40

Multiple Choice

Yield 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:

Journalize

Journalize is the process of recording financial transactions in the chronological order of their occurrence within the journal in accounting.

Transactions

Transactions involve the exchange of goods, services, or financial assets in return for something of value between two or more entities.

Supplies On Credit

Goods or materials obtained by a company on the agreement to pay for them at a later date.

Note Payable

A financial obligation represented by a formal written agreement to pay a specified sum of money at a future date.