Yield management systems are also known as ____________.
A)dynamic pricing
B)static pricing
C)inventory management systems
D)stopgap systems

Question

Quizplus · Accepted Answer

Yield management systems are often referred to as dynamic pricing systems. This is because they use real-time data and analysis to adjust prices and availability of products or services based on demand and other factors. The goal of yield management is to maximize revenue and profitability by selling the right product to the right customer at the right time and price. Yield management systems are commonly used in the hospitality, airline, and rental car industries, but can be applied to many other businesses as well.

Yield Management Systems Are Also Known as ____________