Describe what the term "yield" means in the context of a reservation strategy
What will be an ideal response?
The term "yield" refers to the average revenue received per unit of capacity. Firms should aim to maximize this yield to enhance profitability. Yield analysis forces managers to consider the opportunity cost of selling capacity for a given date to one customer segment when another might yield a higher rate. Reservation systems can provide the detailed information necessary to support an optimal strategy from both a historical perspective and current updates.
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Discuss why it is important to use the "you" perspective in your request messages
What will be an ideal response?
Companies pursuing a multidomestic strategy
A. usually have low operating costs and high efficiency. B. have high levels of local market customization. C. have tight headquarters control over product strategy. D. have local subsidiaries that leverage home-country capabilities. E. often have centralized decision making and quick response to changes in local competition.
The goal of community involvement is to develop a crisis management plan that incorporates all shareholders.
Answer the following statement true (T) or false (F)
In calculating the Pearson correlation coefficient, we assume that:
A. when the correlation coefficient is weak, there is a consistent, systematic relationship between the two variables. B. the relationship we are trying to measure is curvilinear. C. the variables we want to analyze have a binomially distributed population. D. when the correlation coefficient is strong and significant, the two variables are associated in a curvilinear fashion. E. the variables have been measured using interval- or ratio-scaled measures.