Hyatt Hotels Has Installed Automated Check-In Machines at Some of Its

question 48

Multiple Choice

Hyatt Hotels has installed automated check-in machines at some of its hotels.To check in and get a room key,guests insert a credit card into the machine.Hyatt is experimenting with the use of:

• A) Self-service technologies
• B) Functional symbols
• C) Robotics
• D) Compatibility management
• E) Output dimensions

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Definitions:

Implicit Cost

The opportunity cost associated with a firm's use of resources that it already owns, representing the income the firm foregoes by using these resources in its current way instead of other ways.

Property Taxes

Taxes levied on property owned by individuals or businesses, calculated based on the property's value.

Transportation Costs

Expenses incurred in moving goods or services from one location to another, which can include freight, shipping, and logistics costs.

Interest Income

Income earned from the lending of funds or through deposit interest in banks and other financial institutions.