Which of the Following Does NOT Affect Pricing Policies for the Tourism

question 15

Multiple Choice

Which of the following does NOT affect pricing policies for the tourism and hospitality sector?

• A) low fixed costs
• B) variability of demand
• C) late booking
• D) fixed capacity

---

Definitions:

Perfectly Competitive Industry

A market structure where many firms sell identical products, entry and exit are easy, and no single firm can influence the market price.

Market Shares

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

Patent Rights

Legal rights granted to an inventor or assignee to exclusively make, use, or sell an invention for a certain period of time.