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When dealing with periods of high demand, a successful strategy for managing revenue is to use price differentiation by charging a premium during peak periods
When dealing with periods of high demand, a successful strategy for managing revenue is to use price differentiation by charging a premium during peak periods and a discounted price throughout periods of lower demand. There is a change in demand from peak periods to off-peak periods. This conclusion is advantageous if the reduction in cost due to less demand and the gain in income during off-peak hours period outweighs the discount granted during that time
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