A Hotel Using Yield Management Would ________ Prices If Demand

question 21

Short Answer

A hotel using yield management would ________ prices if demand is higher than expected only if the expected result is ________.

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Definitions:

Fixed Mindset

A belief that one's abilities, intelligence, and talents are fixed traits and cannot significantly grow.

Entrepreneurial Mindset

The ability to quickly sense, take action, and get organized under uncertain conditions.

Uncertain Conditions

Situations or contexts characterized by unpredictability, variability, and the potential for unexpected changes or outcomes.

Growth Mindset

The belief that one's talents and abilities can be developed through dedication and hard work.