Hilton Hotels' OnQ System Analyzes Detailed Data Collected on Active

question 161

True/False

Hilton Hotels' OnQ system analyzes detailed data collected on active guests in all of its properties to determine the preferences of each guest and each guest's profitability.

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Definitions:

Quantity Of Zero

A condition where the quantity of a good or service supplied or demanded is zero, often due to a price set below or above the market equilibrium.

Current Demand

The existing desire or need for a product or service within a market at a specific point in time.

Complements

Goods or services that are used together, where an increase in the consumption of one leads to an increase in the consumption of the other.

Supply Curve

The Supply Curve is a graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to provide, typically upward sloping.