Question

A weary traveler shows up at a hotel desk at midnight without a reservation. The desk clerk informs him that there is a room available, but sadly it is marked up 80% higher than the usual price. This is an example of:

1. backorder.
2. yield management.
3. promotional pricing.
4. backlogs

Answer 1

B) Yield Management

Step-by-step explanation:

A weary traveler shows up at a hotel desk at midnight without a reservation. The desk clerk informs him that there is a room available, but sadly it is marked up 80% higher than the usual price. This is an example of yield management.