If a hotel has 250 rooms and the competitive market has a total of 1,000 rooms, the hotel's fair share is:
A)100 percent.
B)50 percent.
C)25 percent.
D)cannot tell from information given.

Question

Quizplus · Accepted Answer

Fair share is calculated by taking the number of rooms a hotel has and dividing it by the total number of rooms in the competitive market. In this case, 250 rooms divided by 1,000 total rooms equals 0.25 or 25 percent. Therefore, the hotel's fair share is 25 percent.

If a Hotel Has 250 Rooms and the Competitive Market