Organizations can use a combination of cost management, _______ management and dynamic pricing in order to generate high profitability levels, when price is a core value proposition.
A)sales
B)employee
C)value
D)yield

Question

Quizplus · Accepted Answer

Yield management involves pricing strategies that aim to maximize profit by adjusting the price of a product or service according to demand. It is commonly used in industries such as airlines and hotels. By combining yield management with cost management (reducing expenses) and value management (emphasizing the unique benefits and value of the product or service), organizations can effectively increase profitability when price is a key factor in their value proposition. Sales management and employee management are not directly related to pricing strategies.

Organizations Can Use a Combination of Cost Management, _______ Management