Which of the following statements is true of yield management systems?
A)They determine the availability of product substitutes in industries that are experiencing rapid change.
B)They use software that employs techniques such as discounting early purchases and limiting early sales at these discounted prices.
C)They predict necessary service levels required to achieve revenue goals.
D)They determine whether it is financially more feasible to buy a new product or to repair a broken one.

Question

Quizplus · Accepted Answer

Yield management systems use software that employs techniques such as discounting early purchases and limiting early sales at these discounted prices to optimize revenue. The other choices do not accurately describe the function of yield management systems.

Which of the Following Statements Is True of Yield Management