An Embassy Suites hotel offers an inexpensive "Family Luncheon Buffet" on Sundays to get customers for its restaurant that is filled by business travelers during weekdays. This effort to get new customers for the available facility is an example of
A. market development.
B. market penetration.
C. diversification.
D. a production orientation.
E. product development.
Answer: A
You might also like to view...
The selling and administrative budget is typically prepared before the cash budget.
Answer the following statement true (T) or false (F)
Scenario D: Sunrise Health Systems has hired a consultant to help with organizational decision making. The consultant's first meeting is set up to explain to the managers of Sunrise Health Systems various models of organizational decision processes. Each of the managers seems to prefer one of the models over the others.The president of the company tells his team that he has made an observation that the managers do not agree on goals or what actions should be taken. This situation best relates to
A. bounded rationality. B. the incremental model. C. the garbage can model. D. the crisis model. E. the coalition model.
A small herb garden is 5 1/4 feet by 5 1/3 feet. If there are 9 square feet in 1 square yard, compute the number of square yards that are in the herb garden
BR Company has a contribution margin of 40%. Sales are $312,500, net operating income is $25,000, and average operating assets are $200,000. What is the company's return on investment (ROI)?
A. 12.5% B. 62.5% C. 64.0% D. 8.0%