History, 15.10.2019 21:00 angeline310
The three main luxury hotels in a major tourist destination keep very close track of their competitors' room pricing, restaurant offerings, tour packages, and special services, such as airport transportation and spa privileges. when one hotel makes adjustments in prices or offerings, the other hotels follow suit. it is possible that these hotels are: a. following uncertainty reducing strategies. b. following a competitive response strategy. c. monitoring business competitors for opportunistic behaviors. d. engaging in tacit collusion.
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