Some companies attempt to maximize the revenue they receive from fixed operating capacity by influencing demands through price manipulation. This is an example of
A)illegal price discrimination.
B)collusion.
C)volume analysis.
D)revenue management.
E)outsourcing.

Question

Quizplus · Accepted Answer

Revenue management involves using pricing strategies to sell the right product to the right customer at the right time for the right price. It is commonly used in industries with fixed capacities, like airlines and hotels, to maximize revenue.

Some Companies Attempt to Maximize the Revenue They Receive from Fixed