Yield management ______.
A)is also called profit management
B)is a variable pricing strategy that enables service companies to control their inventory
C)is a technique to check how much demand yields to changes in price
D)is a technique to check how much supply yields to changes in price

Question

Quizplus · Accepted Answer

Yield management, also known as revenue or profit management, is a variable pricing strategy that allows service companies to control their inventory based on demand and supply fluctuations. It aims to maximize the revenue generated from a fixed, perishable resource such as airline seats or hotel rooms by adjusting prices based on market conditions.

Yield Management ______