answersLogoWhite

0

The purpose of yield management is to maximize profits by anticipating the behavior of consumers. Additional information about yield management can be found on Wikipedia.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Management
Related Questions

Is management a goal oriented process?

yes it is a goal oriented process because without having a goal or an aim it cannot run the business


What is money management?

Money management is when you budget the money that comes in to you. You have set amounts you can spend each month and set amounts that you put away in savings.


What is the goal of ITIL Incident Management?

The main goal of the Incident Management process is to restore normal service operation as quickly as possible and to minimize the adverse impact on business operations.


what is lead management?

Lead management is the process of collecting and managing leads with the goal of turning them into customers through targeted marketing


Why did American Airlines eliminate the yield management pricing?

I'm not sure what you mean by Yield Management Pricing, but AA has not eliminated Yield Management. It is still an important department and function within the company.


How does the early conversation goal of wise use differ from today's goal of sustained yield?

The early conversation goal of wise use emphasized a balanced approach to resource management, focusing on responsible utilization while ensuring ecological sustainability. In contrast, today's goal of sustained yield prioritizes the continuous extraction of resources at a rate that maintains their availability over time. While both concepts aim to promote environmental stewardship, wise use encompasses broader ethical and social considerations, whereas sustained yield is more quantitatively focused on maintaining specific resource levels. This shift reflects evolving perspectives on resource management and ecological health.


What is the process of influencing people to direct their efforts towards the achievement of a common goal?

Bussiness Management Department Organisation


How can you compare strategic planning and a strategic management approach?

Planning refers to the management function of setting goals and deciding how best to reach that goal, whereas strategic management refers to a process in which managers formulate and implement strategies geared to optimizing strategic goal achievement, given available environmental and internal conditions. It involves a thorough 6 step process.


What are advantages and disadvantages of yield management?

An advantage of yield management is the ability to set up a competitive pricing strategy to lure more customers in and away from competitors. However, a disadvantage is that if the yield management is forecast wrong or too low, revenue may be lost.


What are the key differences between the process and project management methodologies?

Process management focuses on improving and optimizing recurring activities within an organization, while project management is focused on planning and executing specific projects with defined goals and timelines. Process management is more continuous and ongoing, while project management is temporary and goal-oriented. Both methodologies involve planning, organizing, and controlling resources, but they differ in their scope and focus.


What is the fundamental goal of risk management?

The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).


What is fundamental goal of risk management?

The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).