What are yield management systems used for?
A)to determine the availability of product substitutes in complex industries that are experiencing rapid change
B)to profitably fill unused capacity
C)to predict necessary service levels to achieve revenue goals
D)to create elastic demand for low-involvement products

Question

Quizplus · Accepted Answer

Yield management systems are mainly used to profitably fill the unused capacity of a business. It involves pricing strategies and inventory control tactics used to increase revenue by selling the right product, to the right customer, at the right time, and for the right price. Other options, such as availability of product substitutes, predicting service levels, and creating elastic demand are not the primary focus of yield management systems.

What Are Yield Management Systems Used For