Revenue management may be defined as
A) the use of differential costing based on product or capacity availability to decrease supply chain cost.
B) the use of differential costing based on customer segment, time of use, and product or capacity availability to increase profitability.
C) the use of differential pricing based on customer segment, time of use, and product or capacity availability to decrease supply chain surplus.
D) the use of differential pricing based on customer segment, time of use, and product or capacity availability to increase supply chain surplus.
Answer: D
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One of the qualities of human resources is that _____.
A. it is highly substitutable and interchangeable B. it is easily available for all companies to utilize C. it is easily imitated by rivals D. it is negligible in terms of value E. it is indispensable for building a competitive advantage
The ability to produce a wide range of products or services is:
A) mix flexibility. B) changeover flexibility. C) volume flexibility. D) run flexibility.