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ID: 399929 • Letter: S
Question
Show Review View Help Tell me what you want to do nless you need to edit, it's safer to stay in Protected View. Enable Edi ecause it hasn't been activated. Activate An exercise in Forecasting a How many will attend Saturday night's concert? (Lionel a How many hot dogs will Sodexo cook Friday and Saturday How many schools (and students) will be attending? Hampton Jazz Festival Big Band) in the Kibbie Dome? 8 What should I charge for my hotel rooms during the busy weekend? Is there a threshold? e How much more should Casa Lopez be ordering for Thursday, Friday, and Saturday? e What will the economic impact be to the city of Moscow? Select one o two and write a double-spaced paper telling what you forecasted and how you came up with the forecast you made. LO 3.16 Notes commentsExplanation / Answer
What should I charge for my hotel room during busy weekend? Is there any threshold?
The amount of money to be charged to hotel rooms depends on factors like number of room vacant, demand, alternatives and competitor strategy.
When should you charge Higher?
One can charge higher when rooms are almost booked, demand is high, alternatives are low and competitor also starts charging higher.
Is there any threshold:
When demand is very high with low alternative almost there is no threshold. But one should be careful about regulatory issue. If government has fixed maximum price then one cannot charge higher than that.