Revenue management is the use of pricing to increase the supply chain surplus and profit generated from a limited availability of supply chain assets.

Question

Quizplus · Accepted Answer

Revenue management is the practice of using pricing strategies to increase revenue and profit from limited supply chain assets. By adjusting prices based on factors such as demand, seasonality, and competition, companies can optimize their revenue and improve overall profitability.

Revenue Management Is the Use of Pricing to Increase the Supply