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Industries traditionally associated with revenue management are A. not able to apply variable pricing for their product but are able to control product availability. B. able to apply variable pricing for their product but are not able to control product availability. C. not able to apply variable pricing for their product and are not able to control product availability. D. able to apply variable pricing for their product and are able to control product availability.
Industries traditionally associated with revenue management are A. not able to apply variable pricing for their product but are able to control product availability. B. able to apply variable pricing for their product but are not able to control product availability. C. not able to apply variable pricing for their product and are not able to control product availability. D. able to apply variable pricing for their product and are able to control product availability.
The correct answer is option D: industries traditionally associated withrevenue managementare able to apply variable pricing for their product and are able to control product availability in order to maximize their revenue.Revenue management is the practice of maximizing revenue through pricing and inventory control. In order to effectively implement revenuemanagement strategies, industries need to have the ability to adjust prices based on demand and control the availability of their products.Industries that can apply variable pricing have the flexibility to change prices based on factors such as demand, competition, and market conditions. This allows them to optimize revenue by charging higher prices during peak periods and lower prices during off-peak periods.Additionally, industries that can control product availability canstrategicallymanage their inventory to ensure that supply meets demand. By controlling product availability, they can create scarcity and increase demand, leading to higher prices and revenue.In conclusion,the correct answer is option D: industries traditionally associated with revenue management are able to apply variable pricing for their product and are able to control product availability in order to maximize their revenue.To know more aboutrevenue managementvisit:brainly.com/question/33716504#SPJ11...