Final answer:Yield management allocates capacity based on time, aiming to adjust prices in response to fluctuating demand and to maximize revenue, particularly in industries like airlines, hotels, and power plants. Thus the correct option is option d) time.Explanation:Yield management allocates capacity according to d) time. This pricing strategy involves frequent price changes to extract higher prices from certain customers and to challenge competitors from competing on price alone. In industries like airlines, where demand for flights fluctuates, yield management helps to optimally allocate seats for flights that are in higher demand at certain times and for certain customers.For instance, the airline industry uses yield management to adjust ticket prices daily based on factors like the remaining time until the flight and the number of seats already sold, aiming to maximize revenue. Similarly, hotels and electric power plants deal with seasonal demand variations and use yield management to allocate costs of capacity over different time periods when demand fluctuates. This approach aims to capture more revenue and manage demand efficiently....

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