A Hotel Management Institute Develops a Training Program for Students

question 4

Multiple Choice

A hotel management institute develops a training program for students.The fee for the training program is $1,000.The institute offers to share the training program with other colleges for a low price.One of the terms of the contract is that the other colleges should not offer the program to their students for less than $1,000.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Communication Transparency

The practice of openly sharing information, plans, and processes with stakeholders to foster trust and collaboration.

Information Filtering

The process of selecting or distinguishing relevant information from a larger dataset or flow.

Honest Sharing

The act of openly and truthfully exchanging information, thoughts, or feelings with others.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.