Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Informal approaches to pricing hospitality products and services fail to take into account: a. pricing by competitors. b. what the market will bear. c. costs.
Informal approaches to pricing hospitality products and services fail to take into account:
a. pricing by competitors.
b. what the market will bear.
c. costs.
d. intuitions of experienced managers.
Please explain your answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started