(Answered) : do you see yield management useful for your organization’s operations? Explain your answer.

do you see yield management useful for your organization’s operations? Explain your answer.

Expert Answer

Yield management is an important variable pricing strategy. It is depended on anticipation, understanding and influence of consumer behavior for maximizing the revenue or profits used from a resource which is fixed and time limited.

Yield management is important for my organization which is an airline company. It is specific and focused on inventory. Yield management in this case helps for strategic control of inventory. This helps for selling the correct product to the right customer at a perfect time and price. It is important

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