Which pricing innovation, first implemented by American Airlines in the 1980s, revolutionized transportation pricing by charging different fares for essentially the same service based on demand forecasting?

The transportation industry employs various pricing strategies to maximize revenue during different seasons and demand periods. From airlines using dynamic pricing to ride-sharing apps implementing surge pricing during peak hours, these strategies significantly impact consumer behavior and company profitability. This trivia question tests your knowledge about a revolutionary pricing strategy that transformed the airline industry and continues to influence transportation pricing models worldwide.

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Yield management
Cost-plus pricing
Bundle pricing
Freemium model