Organizations with fixed, perishable capacity can benefit from _______.
A)Yield Management
B)Price increases
C)Constraints
D)Sub-optimization
E)Waiting lines

Question

Quizplus · Accepted Answer

Yield management is a pricing strategy that allows organizations with fixed, perishable capacity to maximize revenue by varying the price of their product or service based on the level of demand. This strategy enables businesses to sell the right product or service to the right customer at the right time and at the right price, thus increasing revenue and profitability. Price increases, constraints, and sub-optimization may not be effective strategies for maximizing revenue in the case of fixed, perishable capacity, while waiting lines may negatively affect customer satisfaction and loyalty.

Organizations with Fixed, Perishable Capacity Can Benefit from _______