A Hotel Management Institute Develops a Training Program for Students

question 77

Multiple Choice

A hotel management institute develops a training program for students.The fee for the training program is $1,000.The institute offers to share the training program with other colleges.One of the terms of the contract is that the colleges will not offer the program to their students for less than $1,000.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Flight Or Fight

The physiological response to perceived harmful events, attacks, or threats to survival, triggering a choice between fleeing or fighting.

Frustration-Aggression Hypothesis

A theory proposing that aggression is the result of blocking, or frustrating, a person's efforts to achieve a goal.

Desired Prize

An item or outcome that an individual or group aims to achieve, regarded as valuable or worthy of effort.

Shock

A sudden and intense emotional or physical reaction to an unexpected event or piece of information.