Price and outputs decisions of firms

3 important questions on Price and outputs decisions of firms

Revenue management = yield management

Goal:

Goal is to  increase the total revenue of a firm during a given period of time

Important topics for revenue management:


  • market analysis of supply and demand
  • pricing
  • elasticity of demand
  • market segmentation

Formule with achieving % profit

TR = TC + TP

Q (with a certain TP) =  TFC / (P – AVC – TP/Unit)

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo