Describe how airlines utilize revenue management to enhance profitability
What will be an ideal response?
Revenue management involves setting prices according to predicted demand levels among different market segments. Airlines utilize massive databases on past travel to forecast demand and attempt to allocate optimal capacity to the least price sensitive segments. For example, business travelers pay higher prices for booking flights closer to travel dates, whereas vacationers book in advance. Higher demand travel dates also garner higher prices.
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Assume that factory depreciation for the year is $240,000. What problem could result from dividing that amount by 12 and assigning $20,000 in depreciation to the products made each month?
What will be an ideal response?
Business scholar Archie Carroll suggested that ________ is the first and primary responsibility of an organization in the global economy.
A. to be a good global corporate citizen, as defined by the host country's expectations, B. to make a profit consistent with expectations for international business C. to be ethical in its practices D. to obey the law of host countries as well as international law E. to have a written code of ethics
When is a prenuptial agreement a good idea? How can your office make sure that a prenuptial it creates is enforceable?
What will be an ideal response?
Which benefit of resistance is described as an opportunity for recipients to share their feedback, whether positive or negative, to be taken into account to create a better solution?
a. Resistance can keep the change alive in the organization’s conversations. b. Resistance can enhance the quality of the change and its implementation. c. Resistance can provide additional data about how employees feel about past change attempts and the organization itself. d. Resistance can reflect, and potentially build, involvement in and commitment to the organization.