An example of revenue management is:
A)two-for-one pricing for bath towels.
B)scheduling specific times for dental appointments.
C)two passengers,sitting side-by-side in an airplane,charged different prices depending on when they made their reservations.
D)accumulating backorders to smooth demand.

Question

Quizplus · Accepted Answer

Revenue management involves pricing strategies that maximize revenue based on customer demand and behavior. Two passengers sitting side-by-side in an airplane might be charged different prices depending on when they made their reservations. This is a common revenue management strategy used by airlines to fill seats and maximize profits. The earlier a passenger books their ticket, the cheaper the price is likely to be, while a last-minute booking might come with a higher price tag.

An Example of Revenue Management Is