Question 7 In revenue management, what is the best optimize price for a new product? Analysis of past data Market research Heuristics Intuition Question 8 4 pts Which among the following would not be a consideration in revenue management? Brand equity Price fairness Fixed cost per unit Competition with other firms Question 5 Apts Revenue management aims to maximi. ms' profit, and it is a long-term strategy. True False Question 6 4 pts Based on 1 per 1000 pricing method, if the total cost is 4,000,000 for a hotel with 100 rooms, the room rate should be $40. True False Question 7 In revenue management, what is the best optimize price for a new product? Analysis of past data Market research Heuristics Intuition Question 8 4 pts Which among the following would not be a consideration in revenue management? Brand equity Price fairness Fixed cost per unit Competition with other firms Question 5 Apts Revenue management aims to maximi. ms' profit, and it is a long-term strategy. True False Question 6 4 pts Based on 1 per 1000 pricing method, if the total cost is 4,000,000 for a hotel with 100 rooms, the room rate should be $40. True False