Yield management parses capacity into separate pricing segments in an effort to maximize profits or revenues.

Name: Yield management parses capacity into separate pricing segments in an effort to maximize profits or revenues.
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Quizplus · Accepted Answer

Yield management involves dividing capacity, such as seats on a plane or rooms in a hotel, into different pricing segments based on factors such as timing, demand, and customer behavior, in order to optimize revenue and profit for the business.

Yield Management Parses Capacity into Separate Pricing Segments in an Effort