A Hotel Chain Drastically Reduces the Rates for Its Rooms

question 31

Multiple Choice

A hotel chain drastically reduces the rates for its rooms during Christmas.This is done as part of a promotional offer to try to boost sales.This is an example of:

• A)everyday low pricing.
• B)external reference price.
• C)high/low pricing.
• D)market penetration pricing.
• E)internal reference price.

---

Definitions:

Self-Interests

The focus on one's own benefits and well-being in decision-making or actions, sometimes at the expense of others.

Task-Oriented Behaviors

Actions and activities that are focused on completing specific tasks or objectives within an organization.

Maintaining Performance

The continuous effort to ensure that an established level of performance is sustained over time, often through consistent monitoring, training, and feedback.

Assigning Tasks

The distribution of responsibilities or duties to individuals or groups for completion.