When the airline industries offer discounted but limited early purchases, higher-priced late purchases, and the lowest rates on unsold inventory just before it expires, what kind of a pricing technique are they said to be using?
What will be an ideal response?
The airline industries are using yield pricing.
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The just-in-time (JIT) system is a(n):
A) management system of people and procedures to fulfill all delivery deadlines. B) production system of small-lot manufacturing to reduce work-in-process inventory. C) materials management system for removing all inventories. D) integrated system of managing resources, information, and decision processes to eliminate waste.
Which of the following items/products would most likely be transported by pipeline?
a. Component parts b. Containers c. Grain d. Oil
For planning purposes, managers must forecast the total capital budget because the amount of capital raised affects the WACC.
Answer the following statement true (T) or false (F)
____ competitors are those that compete in the same product class, but their products have different features, benefits, and prices.
A. Service B. Generic C. Brand D. Product E. Price