Which Element of the Marketing Mix Is Affected When the Mandarin

question 44

Multiple Choice

Which element of the marketing mix is affected when the Mandarin Oriental hotel in New York increases its weekend rates to $795 per night?

• A) product
• B) price
• C) promotion
• D) place
• E) production

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Definitions:

Condensation

Chemical reaction in which a large molecule is assembled from smaller sub-units; water also forms.

Polymers

Large molecules composed of many repeated subunits, which can be found in various natural and synthetic materials like plastics, proteins, and DNA.

Monomers

Simple molecules that can join together to form polymers, which are large, complex structures.

Unsaturated

A term describing molecules, particularly fats or fatty acids, which contain one or more double bonds between carbon atoms, making them less hydrogenated.