Hotels Use Differential Pricing by Day of Week and Time

question 18

Multiple Choice

Hotels use differential pricing by day of week and time of year

• A)in order to shift demand from peak periods to off-peak periods.
• B)in order to increase demand during off-peak periods.
• C)in order to shift revenue from peak periods to off-peak periods.
• D)in order to shift profit from peak periods to off-peak periods.

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Definitions:

Apple Types

Refers to the different varieties or cultivars of apples, distinguished by attributes such as flavor, color, and size.

Preferred Type

The specific category or variant of something that is more desirable or suitable according to an individual's or group's criteria.

Significance Level

The threshold below which the p-value of a statistical test must fall for the result to be considered statistically significant, often denoted as alpha (α).

Market Share

It represents the portion of a market controlled by a particular company or product, expressed as a percentage of the total market volume.