Revenue management is a way to manage demand by varying price at the right time for various customer segments to maximize revenues generated from existing supply capacity.

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Revenue management is a proven strategy used by businesses to manage demand by setting prices at the right time for different customer segments, in order to maximize revenue generated from existing supply capacity. This involves analyzing data on customer behavior, market trends, and competitor pricing, and then using this information to adjust prices dynamically to respond to changes in demand. By adopting revenue management practices, businesses can increase their profitability and improve their competitive edge in a crowded marketplace.

Revenue Management Is a Way to Manage Demand by Varying