A Manager of a Holiday Inn Said,"We Have Power and Value

question 122

Multiple Choice

A manager of a Holiday Inn said,"We have power and value in the market and people are willing to pay for it." This manager is referring to ________.

• A)the value proposition
• B)societal marketing
• C)total quality management (TQM)
• D)the PLC
• E)brand equity

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Definitions:

Homeostasis

The ability of an open system to maintain a steady state by adapting to changes in its environment.

Throughput

The rate at which input is processed into output in a system, often used in discussing efficiency in production and computer networks.

Systems Theory

An interdisciplinary study of systems in general, with the goal of elucidating principles that can be applied to all types of systems at all nested levels.

Empirically

Referring to knowledge or conclusions derived from observation, experimentation, or measurement rather than theory or pure logic.