The First Step in Selecting a Location for a Hotel

question 35

Multiple Choice

The first step in selecting a location for a hotel is:

• A) Regional analysis
• B) Selection of an individual site
• C) Understanding the target market of the company
• D) Selection of an area within a region

---

Definitions:

Interstate Agreements

Contracts or treaties between two or more states within a federation like the United States, often requiring federal approval.

Intrastate Agreements

Agreements or contracts that occur within the same state, subject to the state's laws and not impacting interstate commerce.

Chicago School

An economic viewpoint emphasizing free-market principles and the reduction of government involvement in the economy, especially noted for its influence in antitrust law.

Antitrust Enforcement

The regulation and enforcement of laws to promote competition and prevent monopolies and other practices that restrain trade.