When Hotels, Motels, and Airlines Offer Discounts in Slow Selling

question 136

Multiple Choice

When hotels, motels, and airlines offer discounts in slow selling periods, they are said to be offering ________.

• A) trade discounts
• B) quantity discounts
• C) functional discounts
• D) seasonal discounts
• E) trade-in allowances

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Definitions:

Dependent Variable

The variable in an experimental or observational study that is influenced or changed by the independent variable.

Type of Wine Preferred

Individual preference regarding different categories or varieties of wine, often investigated in marketing research and sensory analysis.

Dependent Variable

A variable in experimental and observational research that is assumed to depend on or be caused by another variable (the independent variable).

Nominal

Pertaining to data classified into categories without a natural order or rank.