One of the Most Important in ^-room Amenities That Enables

question 9

Multiple Choice

One of the most important in ^-room amenities that enables guest satisfaction is

• A)air conditioning
• B)internet
• C)remote control
• D)mini ^-bar
• E)TV

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Definitions:

Natural Monopoly

An industry in which economies of scale are so great that a single firm can produce the industry’s product at a lower average total cost than would be possible if more than one firm produced the product.

Unit Costs

The expense a business incurs to manufacture, warehouse, and distribute a single unit of a specific product or service.

Entire Output

The total amount of goods or services produced by a company, industry, or country within a specific period.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in cost per unit as output increases.