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Question 1:
Over the past years, the accommodation industry in general has had to move away from a captive market, diversify its range of products and services in order to be competitive in an almost saturated market. With at least two examples for each, explain the following terms:
(i) The accommodation industry (ii) A captive market (iii) Product diversifcation (iv) Range of products and services (v) Saturated market [6 marks each]
Question 2:
Discuss and explain why it may not be economically viable for the management of a hotel to use a pricing method that is totally dictated by the market forces of supply and demand.
Library Binding: A Historical Sketch Historically the purpose of binding has been the preservation of the written word. Prior to the modern book, the earliest library mater
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Systematic Sampling: This is sometimes called as sampling by regular intervals. The method is also known as "pseudo-simple random samples" as they have properties similar
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