An accurate definition of yield management is, 'a method to sell the right inventory unit to the right type of customer at the right time and for the right price'.

Question

Quizplus · Accepted Answer

This accurately describes the concept of yield management. The goal is to maximize revenue by pricing inventory based on demand and customer behavior, in order to sell it at the optimal time and price.

An Accurate Definition of Yield Management Is, 'A Method to Sell