I thinks it's B, it's whichever comes out of your pay check
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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Answer: a. less than fully rational; behavioral biases
Explanation: Information processing errors consist of forecasting errors
, overconfidence and conservatism which can lead investors to misestimate the true probabilities of possible events or associated rates of return; and assuming information processing was perfect, individuals would tend to less-than-fully rational decisions due to behavioral biases as confirmed by several studies.
Answer:
True
Explanation:
A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.
For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.
Answer:
Explanation:
1. What is the total payments (income) to factors of Better-bald Inc.?
Payments to factors of Better-bald Inc. = Rent+Wages+Interest payment+Profits = 450+300+100+750 = $1600
2. What is the total payments (income) to factors of Sweeter Sweaters Inc.?
Payments to factors of Sweeter Sweater Inc = Rent+Wages+Interest payment+Profits = 500+550+50+800 = $1900
3. If we use income method to calculate GDP, we need to sum the payment to factor of production by the entreprises in the economy who employ the factor of production.
The given economy has three enterprises: Better-bald, Sweater Sweaters, Sheepnip. Payment to factor of production are already calculated for 2 of them. Therefore, we there is a need to calculate for the Sheeping Co.
Payment to factors by Sheeping Co = 700 + 400 + 1000 + 100 = $2200
So GDP = $1600 + $1900 + $2200 = $5700
