Yield management systems are used to: Group of answer choices determine whether it is financially more feasible to buy a new product or repair a broken one. profitably fill unused capacity by using complex mathematical systems. predict necessary service levels required to achieve revenue goals. determine the availability of product substitutes in industries that are experiencing rapid change.

Question

Business

Uriah

10 April, 10:44

Yield management systems are used to: Group of answer choices determine whether it is financially more feasible to buy a new product or repair a broken one. profitably fill unused capacity by using complex mathematical systems. predict necessary service levels required to achieve revenue goals. determine the availability of product substitutes in industries that are experiencing rapid change.

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Edgar Cox · Answer 1

Answer: Profitably fill unused capacity by using complex mathematical systems.

Explanation:

Yield Management refers to an revenue management style that aims to draw out as much profit for the company from a fixed resource or inventory. It aims to sell the right product at the best price to the a customer at the rightful time it is required.

By employing complex mathematical systems that enable it to fill up unused capacity such as by selling goods early at a discount and then limiting those early sales so that the later sales may be sold at normal price, Yield Management Systems make unused capacities profitable.