A Convention Hall Has a Standard Rate of $500

question 119

Multiple Choice

A convention hall has a standard rate of $500.00 an evening as a rental fee. However, during key holidays of the year (such as New Year's Eve) , the rental fee per evening is $1,250.00. This is an example of:

• A)standard markup pricing
• B)yield management pricing
• C)experience curve pricing
• D)cost-plus and fixed-fee pricing

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