Question: Several customers have noticed a loophole in the pricing algorithm for an airline ticketing system. The airline takes steps to mitigate profit margins by reducing
Several customers have noticed a loophole in the pricing algorithm for an airline ticketing system. The airline takes steps to mitigate profit margins by reducing corporate headcount.
Within this scenario, we are likely seeing which concept play out?
| Overbooking Strategy | ||
| Process Orientation | ||
| REVPASH | ||
| The alienation of customers through Yield Management | ||
| Opportunistic behavior by consumers |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
