Revenue Management Midterm Exam With Accurate Questions & Answers
Goal of P&RM - ANSWER-Find the processes and capabilities needed to ensure that business have the right prices in place: for all their products, to all their customers, through all their channels, all the time. and update prices over time in response to changing market conditions Strategic Pricing - ANSWER-Goal: to establish a general position within a marketplace (long term) P&RM - ANSWER-Goal: to determine the prices that will be in place tomorrow or next week (short term) When was the first application of P&RO - ANSWER-Airline industry in 80s
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revenue management midterm exam with accurate ques
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goal of prm answer find the processes and capab
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