Revenue management involves setting prices according to predicted demand levels among different market segments.

Name: Revenue management involves setting prices according to predicted demand levels among different market segments.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Revenue management is the practice of setting prices and implementing strategies based on predicted demand levels among various market segments. This allows for the optimization of revenue and profit by attracting customers in a way that balances supply and demand.

Revenue Management Involves Setting Prices According to Predicted Demand Levels