A Demand ^-forecasting Technique Used to Maximize Room Revenue Is

question 6

Multiple Choice

A demand ^-forecasting technique used to maximize room revenue is known as

• A)property management system
• B)upselling
• C)revenue management
• D)return on investment

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Definitions:

Higher-Quality Materials

Substances or components that are superior in terms of durability, texture, and overall performance in the manufacturing of products.

Trading Up

A business strategy that involves convincing customers to purchase more expensive items, upgrades, or add-ons in an effort to increase profitability.

Package Content

The items or materials contained inside a package.

Downsizing

The process of reducing a company's workforce and/or scaling back its operations to lower expenses and streamline its organization.