Unlike other retail businesses, hotels have the identity of their customers, and that allows them to defer payment until after the services have been rendered, even if that is several days later.
Correct Answer:
Verified
Q225: Unlike the economy as a whole, the
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Q227: U.S. hotel chains appeared in foreign countries
Q228: "Location, location, location"can be re-interpreted as: "Geography
Q229: Hotels primarily sell services of rooms, food
Q231: Hotel managers encourage late charges, which gives
Q232: Reservations are desirable because they provide the
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