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A 2 × 2 × 3 factorial design has three independent variables
Guest-Days
A metric used in the hospitality industry, calculating the total number of guests multiplied by the number of days they stayed.
Total Cost
the aggregate of all costs, both fixed and variable, incurred in producing goods or services.
Static Budget
A budget based on a fixed set of assumptions and not adjusted for actual activity levels.
Guest-Days
A measure used in the hospitality industry to quantify the total number of days guest have stayed.
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