Revenue management methodology can be applied in the case of nonperishable assets.

Business

1 answer:

algol132 years ago

4 0

Revenue management methodology can be applied in the case of nonperishable assets: True

Revenue Management is a disciplined analytics method that predicts customer behaviour at the micro-level in order to maximise revenue growth and improve product availability and price. To put it another way, the main goal is to offer the right product to the right consumer at the right moment at the right price.

Fixed expenses are a part of any business. Regardless of the volume of company activities and the related revenue, they must be paid. Income management may be helpful in this situation since it can make sure that the costs are comfortably covered by preserving a sufficient revenue stream through constantly adjusted pricing and service offers. It leads to the best possible use of the resources at hand, such as the perishable inventory of hotel rooms, to produce the most amount of profit from the business.

To know more about revenue management refer here:

brainly.com/question/14884122

#SPJ4

You might be interested in

Internet comparison shopping sites like shopping.com and pricegrabber.com allow consumers to compare prices of substitute produc

Komok [63]

The answer is; "these sites have increased the cross-price elasticity for substitute products".

When we evaluate the responsiveness of the demand for any good towards the change in the price of a related good is known as cross price elasticity of demand and it is always measured in terms of percentage.

5 0

3 years ago

3m is a master of the __________ pricing strategy. according to a 3m manager, "we hit fast, price high, and get the heck out whe

Alex777 [14]

E

I hope this helps and have a wonderful day filled with joy!!

<3

5 0

3 years ago

Carla was unhappy with her haircut. The next time she wanted a haircut, she went to a different hairstylist who Carla thought wa

tatiyna

Answer:

B. Switching

Explanation:

Based on the information provided within the question it can be said that the term that would best describe Carla's behavior would be Switching. This is when a customer changes from one product or service provider to another completely different one within the same industry. Usually because of a bad experience or they are overall displeased with the service provided, which seems to be the case with Carla's first haircut.

8 0

3 years ago

Epa rules require capture of 80% of the refrigerant from a small appliance sealed system with a non-operating compressor if tech

ki77a [65]

Epa rules require capture of 80% of the refrigerant from a small appliance sealed system with a non-operating compressor if technicians are using: Self-contained (active) process. This requirement makes it easier for the technicians to install a safe and environmentally friendly product for the customer and speed up the time of the procedure.

3 0

3 years ago

Leaders have the duty and responsibility to plan in advance for all foreseeable situations and circumstances for all activities.

iren [92.7K]

Answer:

True

Explanation:

It is responsibility and duty of leaders to know about all circumstances and situations , Leaders needs to plan before any bad things happen to Company. If he did not do such thing , may be failure outcome happen.

8 0

3 years ago