Multiple Choice
Price inelastic services tend to be
A) discretionary services.
B) necessities.
C) Both A and B are correct.
D) Neither A nor B are correct.
E) There is not enough information to answer the question.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: For some types of services,such as restaurants
Q2: Describe the different types of costs that
Q4: Which of the following is NOT a
Q5: Service organizations can easily determine the value
Q6: The objective of yield management systems is
Q7: Yield management is a relatively easy process
Q8: Indirect costs are sometimes called shared costs.
Q9: The value of a service is reflected
Q10: COMPLETION QUESTIONS<br>Yield Management Systems<br>Profit-Oriented<br>Volume-Oriented<br>Value<br>Price/Demand Elasticity<br>Fixed<br>Variable<br>Contribution Margin<br>Breakeven Point<br>Price
Q11: The direct costs of a service are