Revenue described in this on airline pricing refers to a Sales and Management as best used with which planning strategy th following characteristics: Fixed prices Fluctuating demand Customers with different needs and willingness to pay A product that can be sold in advance Low FIXED costs and high VARIABLE costs a, b, d a, c, d a, b, c b, c, d b, c, e When a firm has uncertain levels of demand, their calculation for reordering is adjusted to provide for their desired service level for their product. This formula is (Select one.) ROP = EOQ + Order lead time + safety stock (ss) EOQ = (Q/2) (H) + (D/Q)(S) ROP = daily demand (d) x order lead time (L) + safety stock (ss) ROP = daily demand (d) x Order lead time (L) ROP = daily demand (d) + Order lead time (L) x desired service Level% which statements are the most appropriate when completing this sentence: RE is “Business Continuity is a strategy that focuses a firm on Planning for new product development in the Product Life Cycle Meeting acceptable levels of service after a disruptive event Identifying 7and addressing first the more likely or most impactful events Continuous flow processes Reviewing risks in its supply chain as part of its assessment a, b, c a, c, d a, b, d b, c, d b, c, e A firm completes its sales and operations Aggregate plan and finds that the projected demand for their product exceeds their planned capacity. Which operational strategies would be most appropriate to consider? Adjusting workforce levels Adjusting production rates Allowing backorders Reducing prices for their product e. Replacing their sales team b, c, d a, b, c a, b, d c, d, e a, d e
7. Ans is option IV. b,c,d. Revenue management is done by firms with these characteristics; Fluctuating Demand, Customers’ different needs and willingness to pay and A product that can be sold in advance.
8. Ans is option c. ROP = Daily Demand x Order Lead Time + Safety Stock
9. Ans is option b. meeting acceptable levels of service after a disruptive event.
10. Ans is option II. a,b,c Adjusting workforce levels, Adjusting production rates and Allowing backorders