Multiple Choice
What is meant by yield management?
A) The maximisation of profit through capacity, demand and pricing policies.
B) Encouraging growth in demand during periods of low demand and restraining it during periods of high demand.
C) Expanding the operation at periods of high demand in order to yield more sales revenue.
D) Overbooking capacity to ensure that all capacity is filled at all times.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The efficiency of an operations system is
Q2: Which of the following is NOT a
Q3: Which of the following is an output
Q5: Attempting to change demand to fit available
Q6: The idea of a fluctuating workforce that
Q7: The most favourable solution to non-uniform demand
Q8: The capacity that technical designers have in
Q9: Which of the following is NOT a
Q10: Which of the following is NOT a
Q11: Very high under-utilisation can make level capacity