Low cost service businesses such as travel and hotel accommodation, use yield management to frequently adjust the price of a product in response to various market factors, such as _______ and competition.
A)brands
B)politics
C)technology
D)demand

Question

Quizplus · Accepted Answer

Yield management is used to adjust the price of a product in response to demand and competition in the market. Therefore, the correct answer is D. Brands, politics, and technology may influence the market but do not directly affect the use of yield management.

Low Cost Service Businesses Such as Travel and Hotel Accommodation