Establishing the right price for services or products is essential.It depends on demand and supply . Revenue management involves dynamic pricing—adjusting prices based on demand, time, competition, and capacity. This might mean raising prices during peak times or offering discounts during low demand periods.
Revenue Management and its 4 pillars
In this course we will learn 4 basic guidelines to Revenue Management.
1.Forecasting
2.Pricing.
3.Yeild Management
4. Channel Management
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QUIZ
Lets do a short quiz to evaluate your learning
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