Which of the following statements is true about yield management systems (YMS)?
A)Theyare used to eliminate the problem of simultaneous production and consumption from services.
B)They are can be used only in service industries.
C)They are complex pricing systems used to establish price equilibrium.
D)They are used to make profitable use of the unused capacity of perishable goods.

Question

Which of the following statements is true about yield management systems (YMS)?
A)​Theyare used to eliminate the problem of simultaneous production and consumption from services.
B)They are can be used only in service industries.
C)They are complex pricing systems used to establish price equilibrium.
D)​They are used to make profitable use of the unused capacity of perishable goods.

Quizplus · Accepted Answer

Yield management systems are pricing strategies used to maximize revenue by selling perishable goods, such as airline seats or hotel rooms, at different prices based on demand and time. The system aims to make profitable use of the unused capacity of these goods. Yield management is not exclusive to service industries, and it does not eliminate the problem of simultaneous production and consumption, which is inherent to services. While yield management systems are complex, their main purpose is not to establish price equilibrium but to achieve maximum revenue. Therefore, option D is the correct answer.

Which of the Following Statements Is True About Yield Management