Revenue management mainly aims to maximize profit by adjusting pricing and managing what?
ARecruitment of staff
BStatutory compliance
COccupancy of capacity
DSupplier credit terms
Answer & Solution
Correct answer: C. Occupancy of capacity
Revenue management maximizes profit by setting prices and managing how much of the capacity is occupied.
Keep practising Units of Measurement in Transportation
Browse all Units of Measurement in Transportation questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Unit costs include which costs involved in production?Yield management generates yield through which kind of inventory management?Why is revenue management useful for hospital surgery rooms?Revenue management is seen by some as synonymous with what?Why do hotels and airlines often overbook if cancellations loom?In hotel revenue management, what does RevPAR stand for?ASM and ASK measure which aspect of a passenger carrier?Why does computing CASM for a single route need judgment?