During Off-Season,the Rues Hotel Offers a 25 Percent Reduction on Its

question 65

Multiple Choice

During off-season,the Rues Hotel offers a 25 percent reduction on its rooms to attract guests.Given this information,which of the following is illustrated in this scenario?

• A)​The power of yield management systems
• B)The advantage of markup pricing
• C)The relationship between price and quality
• D)​The use of price as a promotional tool

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Definitions:

General Journal

A basic accounting record for entering all types of transactions before they are transferred to specific accounts in the general ledger.

Financial Statement

Documents that report on a company's financial performance and health, including the balance sheet, income statement, and cash flow statement.

Normal Balance

is the side of an account on which increases to the account are recorded, typically either a debit for assets and expenses or a credit for liabilities, equity, and revenues.