The Building Cost (Room) Rate:
A) Works out to be $1 per $1,000 in construction costs
B) Includes land improvements (landscaping, for example) as part of building costs
C) Is simply a rule-of-thumb, a frequently quoted yardstick for room rates
D) Translates into rate distinctions for suites, standard rooms, and usually "view" rooms
E) All of the above except D
Correct Answer:
Verified
Q4: Published rates (printed in advertising materials) and
Q5: The double rate has always been twice
Q6: Elasticity is a change in:
A) Rate resulting
Q7: Which of the following is out-of-place with
Q8: Among the surprising surcharges that some hotels
Q10: Regarding room rates:
A) Resort hotels have used
Q11: Sketch or explain why one guest who
Q12: Inelastic markets respond to small changes in
Q13: Industry experience has proven that declines both
Q14: The rate spread (that is, the amount
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