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.

Revenue management

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.

Revenue management