Question

Revenue management methodology was originally developed for the banking industry. group of answer choices

Answer 1

The statement 'Revenue management methodology was originally developed for the banking industry.' is False.

The revenue Management is an analytics technique.

This technique is used to predict consumer behavior at the micro-level, which is ultimately useful in optimizing the product availability and pricing and maximize revenue growth.

This methodology is used by companies in certain industries, particularly those with fixed costs and capacity and products or services that expire.

It is the operational procedures and practices that maximize revenues without creating additional products or services.

Therefore, The statement 'Revenue management methodology was originally developed for the banking industry.' is False.

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