Hotels Use Differential Pricing by Day of Week and Time

question 18

Multiple Choice

Hotels use differential pricing by day of week and time of year

• A)in order to shift demand from peak periods to off-peak periods.
• B)in order to increase demand during off-peak periods.
• C)in order to shift revenue from peak periods to off-peak periods.
• D)in order to shift profit from peak periods to off-peak periods.

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Definitions:

Limited Partnership

A partnership structure where some partners are liable only to the extent of their investment while at least one partner has unlimited liability.

Uniform Partnership Act

A set of laws adopted by many states to regulate the operations of partnerships and the relationships between partners.

State Regulated Partnership Act

Legislation that governs the formation, operation, and dissolution of partnerships within a specific state, including rules on liability, ownership, and management.

Federal Partnership Act

A general reference to legislation that governs the formation, operation, and dissolution of partnerships in the United States, although the specific laws can vary by state.