Which of the Following Does NOT Demonstrate the Principle of the Use

question 50

Multiple Choice

Which of the following does NOT demonstrate the principle of the use of physical rate fences to support revenue management?

• A)Seat location
• B)Size of a hotel room
• C)Furnishing of a hotel room
• D)Product bundle
• E)Having to pay cancellation fees

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient trade.

Intensive

Refers to a method or approach focusing deeply on a specific area or aspect, often requiring a high degree of effort or concentration.

Abundant

Available in large quantities; more than sufficient; plentiful.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.