Which of the following is an approach for service companies with capacity constraints to maximize revenue from its service operations,while at the same time providing a desired level of service to the right customer at the right time and at the right price?
A)yield management
B)cost management
C)sales management
D)service management

Question

Quizplus · Accepted Answer

Yield management is a pricing strategy used by service companies with limited capacity to maximize revenue by dynamically adjusting prices based on demand. The goal is to sell the right service to the right customer at the right time and at the right price, allowing the business to generate the highest possible revenue while ensuring customer satisfaction. Cost management, sales management, and service management are important aspects of any service business, but yield management specifically addresses the challenge of maximizing revenue with limited capacity.

Which of the Following Is an Approach for Service Companies