Revenue or yield management may also be thought of as:
A)The process of trying to manage the entire production based on the expected revenue
B)The process of managing the crops on a farm
C)The notion that revenue can be generated though managing only a certain set of operations
D)Trying to get a fixed source of revenue for the organization
E)The attempt to allocate the fixed capacity of the service to match the highest revenue demand in the marketplace

Question

Quizplus · Accepted Answer

Revenue or yield management is the process of allocating the fixed capacity of a service to match the highest revenue demand in the marketplace. This is done by adjusting prices or inventory levels based on demand and forecasting.

Revenue or Yield Management May Also Be Thought of As