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Hotels Sometimes Use a Revenue Optimization System to Improve Demand

question 75

True/False

Hotels sometimes use a revenue optimization system to improve demand forecasting and update prices of its rooms from minute to minute.


Definitions:

Greatest Good

A principle aiming at the highest benefit or outcome for the greatest number of individuals, often used in ethical decision-making.

Ethical Leadership

A leadership approach that is guided by respect for ethical beliefs and values, and for the dignity and rights of others, aiming to foster an ethical culture within the organization.

Public Failing

Visible or widely recognized errors or shortcomings in performance or behavior, especially by individuals in positions of influence or power.

Ethical Leadership

A leadership approach that is guided by respect for ethical beliefs and values, and for the dignity and rights of others.

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