Question

HIGH SCHOOL
by Knowledge Matters
Pricing & Revenue Management Reading Quiz
QUESTION 1 of 10: Your competitor's hotel is located in a safer area and is more attractive than your hotel. Everything else being equal,
what is the best pricing strategy?
a) Set price above competitor hotel
b) Set price the same as the competitor hotel
c) Set price lower than competitor hotel
Submit

Answer 1

C. Your charging less for the same thing as your component they’re spending less money but your making more because more people will come to your location