revenue management

Yield Management Strategies for Hotels, Airlines and Manufacturing Companies

by

Introduction to Yield Management Yield management, also known as revenue management, is a strategic approach to maximizing revenue by selling the right product to the right customer at the right time for the right price. This dynamic pricing and inventory control technique is especially vital for industries with fixed capacities and perishable inventory, such as … Read more

Understanding Gross Sales vs Revenue in Financial Reports

by

Introduction Monitoring earnings is a crucial accounting routine for businesses. While recording earnings might seem straightforward, the complexities arise when considering various forms of income from different sources. Here, we will clarify the important distinctions between gross sales and revenue, both of which are essential for evaluating a company’s financial performance. What Are Gross Sales? … Read more