Revenue management systems modify the prices of products and services dynamically based on
A) intuition, demand, and supply.
B) intuition, competition, and supply.
C) business rules, demand, and supply.
D) business rules, supply, and intuition.

Question

Quizplus · Accepted Answer

Revenue management systems use business rules, demand, and supply as the factors to modify prices. Intuition and competition may also play a role, but they are not the primary factors for decision making in revenue management systems.

Revenue Management Systems Modify the Prices of Products and Services