It is common practice in some industries to influence demand through price manipulation for the purpose of maximizing revenues. This is called: Multiple Choice volume analysis. collusion. illegal price discrimination. revenue management. outsourcing.

Question

Social Studies

Jovani Bryan

30 July, 05:26

It is common practice in some industries to influence demand through price manipulation for the purpose of maximizing revenues. This is called: Multiple Choice volume analysis. collusion. illegal price discrimination. revenue management. outsourcing.

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Answers (2)

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Anya · Answer 1

Revenue management

Explanation:

Revenue management describes process whereby businesses in an industry work to optimize products and price based on micro level analytics to predict consumer behavior. In this way, a business produces the best products sets optimum price to maximize revenue and growth. Setting price influences demand since a good price with respect to demand increased demand and therefore revenue while a bad price for goods with demand in mind decreases demand.

Bart · Answer 2

Revenue management