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2 years ago

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

1 answer:

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.

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3 years ago

Randy Ice starts the month with a balance on his credit card of $1000. On the 10th day of the month, he purchases $200 in clothe

Eva8 [605]

Answer: $11.25

Explanation:

From the above question, The bank charges 1.5 percent per month and uses the average daily balance excluding new purchases method.

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$750 x 1.5%

= $11.25

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3 years ago

Bear, Inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter o

natali 33 [55]

Answer:

Production in third quarter should be budgeted at $<u>245000</u>

Explanation:

10) Production in third quarter = Sales unit+Desired ending inventory-Beginning inventory

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Production in third quarter = 245000 Units

so answer is 245000

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4 years ago

Assignable causes:

zimovet [89]

Answer:

E) are causes of variation that can be identified and investigated.

Explanation:

Assignable causes is a statistical process that could be undertaken to identify the causes that have been incidental to the variations, thereby evaluating the same

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3 years ago

A supply curve for the car industry would show the quantity of cars supplied at different _____. marginal costs demands prices

aleksandr82 [10.1K]

A supply curve for the car industry would show the quantity of cars supplied at different prices. The supply curve shows the relationship between the cost of a good or service and how much is supplied during that time. When you are looking at a supply curve, it will show you different prices that an item is sold or service supplied at.

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3 years ago

Read 2 more answers