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ryzh [129]
1 year ago
7

in a revenue management system, forecasting, allocation, overbooking, and pricing must work in unison if the objective is to:

Business
1 answer:
sineoko [7]1 year ago
5 0

In a revenue management system; the forecasting, allocation, overbooking, and pricing must work in unison if the objective is to maximize the revenue generated by a perishable asset.

<h3>What is a revenue management system?</h3>

Basically, a revenue management system refers to a system that analyzes the combination of competitor rates, historical rates, market dynamics and inventory levels to predict demand and provide rate recommendations. A very good revenue management system will always automate the entire process and generate rates that can maximize revenue and profitability.

One of the example of use of Revenue Management is employed in the businesses of Hotel Management and the Airline Industry. The primary source of most revenue for hotels is found in their room rates and the revenue generated from the bookings is a simple multiplication of price and volume booked.

Read more about Revenue Management

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The demand for wooden pencils is very responsive to a change in price. That is, the demand for these pencils is highly elastic.
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Answer:

D. Price will rise, quantity purchased will fall, and gross revenues will fall.

Explanation:

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In 2009, __________ of all pedestrian fatalities were caused by impaired drivers.
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What is the term of shipping directly from the supplier to the end consumer rather than from the​ seller, saving both time and r
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The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the​ seller, saving both time and reshipping​ costs is "Drop Shipping."

<h3>What is drop shipping?</h3>

When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.

Some key features of drop shipping are-

  • A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
  • A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
  • Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
  • Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
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To know more about drop shipping, here

brainly.com/question/13959949

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7 0
1 year ago
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