If members of a convention group are offered a range of rates, the rate quote is said to be:
A) Spread or sliding rate
B) Rack rate
C) Flat rate
D) Run-of-house rate
E) All of the above except D

Question

Quizplus · Accepted Answer

A spread or sliding rate refers to a pricing strategy where different rates are offered to different customers based on various factors such as the time of booking, length of stay, or demand. This is common for convention groups where the rates can vary to accommodate different needs and budgets within the group.

If Members of a Convention Group Are Offered a Range