In the First Few Months Upon Opening a New Hotel

question 2

Multiple Choice

In the first few months upon opening a new hotel, a hotel company wanting to achieve market share leadership is most likely to:

• A) Try to influence supply
• B) Try to influence demand by offering buy three nights, get fourth free, packages
• C) Use low opening rates to influence demand
• D) Charge a high price

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Definitions:

D'Arsonval Movement

A type of electromechanical mechanism used in analog meters for measuring electric current or voltage, based on a coil that rotates in a magnetic field.

Moving Iron

A type of electromechanical instrument or actuator that operates on the principle that an iron piece can be moved by magnetic forces within a solenoid or a set of coils.

Concentric Vane

A component typically used in airflow systems, consisting of blades or vanes arranged around a common center point to direct or measure flow.

Multirange Ammeter

An ammeter capable of measuring current over various ranges with the ability to adjust sensitively to different maximum current levels.