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9 December, 03:26

A revenue management (RM) system for an airline seeks to minimize each customer's ticket price of travel on the airline's flights. True False

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  1. 9 December, 03:43
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    Answer: False

    Explanation:

    The given statement is false that the revenue management method are used for the purpose of reducing the airline tickets of the customers as the RM system is majorly designed for the purpose of allocating the seats in the flight on the basis of their fares.

    The main objective of the revenue management is to maximum the profit by optimizing the inventory according to the customer requirement.

    According to the given question, the RM system is not used for minimize the customer's Arline tickets so the given statement is false.
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