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It is common practice in some industries to influence demand through price manipulation for the purpose of maximizing revenues. This is called: Multiple Choice volume analysis. collusion. illegal price discrimination. revenue management. outsourcing.

2 Answers

3 votes

Answer:

Revenue management

User Gene R
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2 votes

Answer:

Revenue management

Step-by-step explanation:

Revenue management describes process whereby businesses in an industry work to optimize products and price based on micro level analytics to predict consumer behavior. In this way, a business produces the best products sets optimum price to maximize revenue and growth. Setting price influences demand since a good price with respect to demand increased demand and therefore revenue while a bad price for goods with demand in mind decreases demand.

User Joe Pietroni
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