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Based on Web Analytics,a Hotel Knows a Customer Often Stays

question 52

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Based on Web analytics,a hotel knows a customer often stays for a week and offers that person a discount for booking online.This is an example of:


Definitions:

Average Total Cost

The sum of fixed and variable production costs divided by the total amount of produced goods.

Long-run

A time period in which all factors of production, including capital, are variable, allowing full industry adjustment.

Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, based on factors other than the cost of production.

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