If you allocate scarce resources to customers at prices that maximize the yield to the company you are using:
A) level aggregate planning
B) chase production planning
C) price fixing
D) yield management
E) price compression

Question

Quizplus · Accepted Answer

Yield management is the practice of allocating resources (such as hotel rooms or airplane seats) to customers at prices that will maximize revenue. This involves using data analysis to determine consumer demand patterns and adjusting prices accordingly. Yield management is often used in industries where capacity is fixed and perishable (meaning that a seat or room that goes unsold today cannot be sold at a later date). By using yield management, companies are able to maximize profitability by ensuring that their resources are used to generate the greatest possible revenue.

If You Allocate Scarce Resources to Customers at Prices That