Airlines and hotels have long offered weekend discounts and off-season rates to influence demand TRUE False

Hotel rooms are most expensive on weekends and during peak holiday times. This pricing strategy is best described as:Select one:a.scheduled pricing.b.demand-based pricing.c.prestige pricing.d.cost-plus pricing.

Worldwide Airlines scheduled December flights based on last year’s travel data. However, when December arrived, Worldwide Airlines cut 1,200 flights. This demonstrates thatMultiple Choiceservice providers may find it hard to customize their services based on the needs and preferences of customers.services cannot be provided at the point of consumption.it is extremely easy for service providers to standardize their output.it can be extremely difficult for service providers to accurately estimate the demand for their services.

Pricing StrategiesProductA: Competition-based pricing1. GroceriesB: Customer value-based pricing2. Airline ticketsC: Cost-based pricing 3. Luxury goods

Explain one reason why airlines use dynamic pricing, especially when selling tickets to online customers.

To increase the number of flights per day, Southwest AirlinesMultiple choice question.decreased turnaround time at the gates.refused to let passengers check bags.offered more in-flight movies.sold off surplus planes.