An Embassy Suites Hotel Offers an Inexpensive "Family Luncheon Buffet

question 168

Multiple Choice

An Embassy Suites hotel offers an inexpensive "Family Luncheon Buffet" on Sundays to get customers for its restaurant that is filled by business travelers during week days. This effort to get new customers for the available facility is an example of

• A) a production orientation.
• B) product development.
• C) market development.
• D) diversification.
• E) market penetration.

---

Definitions:

Compounded Monthly

Interest calculation method where the interest earned is added to the principal each month, resulting in interest on interest.

Monthly Deposits

Regular payments deposited into a financial account or investment plan on a monthly basis, typically to save or earn interest over time.

Investment

The allocation of resources, usually money, to generate income or profit, including purchasing assets or securities.

Compounded Continuously

Compounded continuously refers to the mathematical limit that compound interest can reach if it is calculated and added to the principal balance continuously, leading to exponential growth.