Yield Revenue Management Used Organizations Perishable Inventory Airlines Hotels Car Renta Q34244043

1. Yield or revenue management is used with organizations thathave a perishable inventory such as airlines, hotels, car rentalagencies, and cruise lines. List five of the shared characteristicsthat make yield management of interest to these types of companies.PLEASE DO NOT COPY FROM ANOTHER ANSWER ON HERE.

Expert Answer

List five of the shared characteristics that make yieldmanagement of interest to these types of companies.

Ans. – Yield or revenue management is importantfor making pricing strategy and system to maximize yield orrevenues while selling the same amount of products or services likehotel rooms, meeting rooms in the hotel industry, airplane seats inthe airline industry,