Is it ethical for the airline and hotel industries to use Yield Management techniques? Is it ethical for Mcdonald's and Beauty Salons to use Senior Citizen pricing in their offerings? Here are some sources related to American Airlines & Mcdonald's that help to guide you answer this question: "The nature of today's marketplace in the airline industry makes yield management absolutely essential to profitable operations. At large airlines, such as American, the number of inventory controls and the frequency of updates requires an automated decision-making system" "McDonald's senior discount menu days are also available to customers 55 and older. Plus, if you are a senior or a pensioner at The Coffee Club, you will receive a 10% discount on food. With the senior discount, you are entitled to a complimentary beverage by purchasing any McMuffin or burger, thereby giving a drink with a meal purchase"

Is it ethical for the airline and hotel industries to use Yield Management techniques? Is it ethical for Mcdonald's and Beauty Salons to use Senior Citizen pricing in their offerings? Here are some sources related to American Airlines & Mcdonald's that help to guide you answer this question: "The nature of today's marketplace in the airline industry makes yield management absolutely essential to profitable operations. At large airlines, such as American, the number of inventory controls and the frequency of updates requires an automated decision-making system" "McDonald's senior discount menu days are also available to customers 55 and older. Plus, if you are a senior or a pensioner at The Coffee Club, you will receive a 10% discount on food. With the senior discount, you are entitled to a complimentary beverage by purchasing any McMuffin or burger, thereby giving a drink with a meal purchase"

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

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can you please help me how to find the 3 different pricing strategies that the Royal Ontario Museumuses and how are they used on the meusem ?
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please answer part b. thank you.
15-8
Discuss the various forms of inventory costs and use examples from the article to illustrate your point.
Give two examples of unethical conduct involving inventory management and the ethical principle each one violates. Hint: Price gauging, preferential treatment towards one vendor, withholding stock Provide illustrations and cite all the sources.
When priced at $10, Jasmine sells five packages of her home-made Mediterranean flat-bread per day. When she raised her price to $15, she still sold five packages per day. Based on this information, the demand for her flat-bread is A) price inelastic. B) perfectly price inelastic. C) unit price elastic. D) perfectly price elastic
please answer within 30 minutes.
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