Revenue Management Quizzes & Answers 2024 Latest Update!!

pricing and revenue optimization is - ANSWER-concerned with determining the prices that will be in place tomorrow strategic pricing is - ANSWER-used to establish a general position within a market the problem of pricing did not exist until the - ANSWER-17th and 18th century the greatest insight of economics was that - ANSWER-the price of a good is based on the interplay of supply and demand a market structure is perfectly competitive if - ANSWER-there are many firms, each with an insubstantial share of the market. these firms produce a homogenous product, and they cannot raise their prices without losing all of their market to their competitor while there has been a general acceleration of business in all fields, the impact on pricing and revenue optimization has been particularly notable. this acceleration and the corresponding interest in developing tools to enable better pricing and revenue optimization (PRO) decisions has been driven by - ANSWER-the success of revenue management in the airline industry, the use of enterprise resource planing and customer relationship management software, the development of e-commerce and the success of supply chain management