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Describe trade-offs that must be considered when making revenue management decisions.

Describe trade-offs that must be considered when making revenue management decisions.

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Answer #1

Revenue management is the achievement of profits from the available. Limited supply chain with the help of costs . While taking these decisions certain points needa to be considered. Some issues like logistics and time need to be managed and might need an adjustment. The items might need to be sent in bulk and necessary arrangements should be done. Some risks might need to be taken while dealing with the material customer. These tradeoffs help us in setting a reasonablereasonable price and get profits even when we have limited supply.

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