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Chapter 8: Revenue management for Hotels Exam Questions With 100% Accurate Answers
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True or False: Rooms are extremely profitable. - ANSWER-True Any serious exploration of hotel room rates and their management must include what basic information? - ANSWER-Room rate economics: supply and demand True or False: Room rate economics recognizes when supply is held constant, a decrease in demand leads to a decreased selling price. - ANSWER-True Is the inventory of rooms highly perishable - ANSWER-Yes The price at which a hotel sells its rooms when no discounts of any kind are offered to the guests. - ANSWER-rack rate
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Chapter 8: Revenue Management For Hotels
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Chapter 8: Revenue management for Hotels
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true or false rooms are extremely profitable a
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