Airlines sometimes offer reduced rates during certain times of the week
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Airlines sometimes offer reduced rates during certain times of the week

Airlines sometimes offer reduced rates during certain times of the week to members of a businessperson’s family if they accompany him or her on trips

How does the concept of relevant costs enter into the decision by the airline to offer reduced rates of this type? (please explain and give examples)

Hint
Accounts & FinanceIn managerial accounting, the term "relevant cost" refers to avoidable expenses that are only incurred in connection with particular business actions. The idea of relevant cost is utilized to cut out extraneous information that can make decisions more difficult....

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