Which of the Following Research Technique a Hotel Would Use

question 14

Multiple Choice

Which of the following research technique a hotel would use if it wants to find out if having live music leads to higher profit?

• A) quantitative technique
• B) qualitative technique
• C) Delphi method
• D) focus group

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Definitions:

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, involving the direct sending of payments to a location accessible by the bank, which then deposits the funds into the company's account.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Money Market Securities

Short-term debt instruments, commonly including treasury bills, commercial paper, and certificates of deposit, known for their liquidity and low-risk profile.

Lockbox System

A banking service offered to businesses for collecting payments from clients, using a dedicated post office box to accelerate the process of gathering checks.