The manager of a large luxury hotel chain is currently negotiating a four year contract with a linens supplier. The linens company will supply fresh laundered bedding and towels to the hotel over a four year period; however, the hotel chain can ends its contract with the linens company at the end of the first, second, or third years if the linens company does not supply quality linens. The
manager of the hotel chain should be most concerned about the quality of linens in which year?
A) the first year
B) the second year
C) the fourth year
D) the third year
C) the fourth year
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The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
A) opportunity cost of coffee. B) opportunity cost of gasoline. C) personal price of coffee. D) marginal rate of substitution.
Which of the following is a benefit of cleaner air and water that is difficult to quantify?
a. Increased property values b. Gains in the tourism industry c. Benefits to farming and fishing d. Better health for someone with asthma
Which of the following would be included in a person's life-cycle wealth?
a. savings account b. refrigerator c. stock in a corporation d. government savings bonds e. income
Long term success through customer satisfaction
a. theory y b. theory x c. hawthorne effect d. tqm