Balanced Development Occurs When Development of a Site Is Integrated

question 7

Multiple Choice

Balanced development occurs when development of a site is integrated, and it means that ______________________.

• A) there are the same number of hotels, restaurants, and shops ensuring equal competition for all
• B) one area of the destination can operate at a deficit because other areas offset the loss by making a profit
• C) the entire development maintains a similar theme and a cohesive look
• D) the revenue earned equals the dollars invested

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Definitions:

Market Segment

A subgroup within a larger market, defined by its unique needs, preferences, or demographics, that businesses target with specific products or marketing strategies.

Corporate Governance

The system of control and performance monitoring of top management.

Performance Monitoring

The continuous process of tracking and evaluating the efficiency, effectiveness, and productivity of an organization or individual.

Stakeholder Representatives

Individuals or groups designated to act on behalf of stakeholders’ interests within or related to a project, organization, or initiative.