Price and outputs decisions of firms
3 important questions on Price and outputs decisions of firms
Revenue management = yield management
Goal:
Important topics for revenue management:
- market analysis of supply and demand
- pricing
- elasticity of demand
- market segmentation
Formule with achieving % profit
Q (with a certain TP) = TFC / (P – AVC – TP/Unit)
The question on the page originate from the summary of the following study material:
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