Firefly Space Shuttles is using a strategy of maximizing revenues by making numerous price changes in response to demand, competitors' prices, or environmental conditions. This is best described as _____.

Firefly Space Shuttles is using a strategy of maximizing revenues by making numerous price changes in response to demand, competitors' prices, or environmental conditions. This is best described as _____.



a. markup pricing

b. cost-based pricing

c. cost-plus pricing

d. yield management

e. competition-based pricing



Answer: d. yield management


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