Yield management is strategic control of inventory.It maximizes revenue or profits from fixed perishable resources.
What are the three rights of yield management?
A)right revenue at the right point of sale for the right items
B)right features at the right time for the right cost
C)right customer at the right time for the right price
D)right estimated price at the right location for the right time
E)right person at the right location for the right cost

Question

Yield management is strategic control of inventory.It maximizes revenue or profits from fixed perishable resources. ​
​What are the three rights of yield management?
A)​right revenue at the right point of sale for the right items
B)​right features at the right time for the right cost
C)​right customer at the right time for the right price
D)​right estimated price at the right location for the right time
E)​right person at the right location for the right cost

Quizplus · Accepted Answer

Yield management focuses on selling the right product to the right customer at the right time for the right price, optimizing revenue from fixed, perishable resources.

Yield Management Is Strategic Control of Inventory