7) The first step in selecting a location for a hotel is:
A) Regional analysis
B) Selection of an individual site
C) Understanding the target market of the company
D) Selection of an area within a region
8) In a supply chain, “upstream” from the company is a set of firms that:
A) Market the product
B) Provide distribution channels
C) Provide retail networks
D) Provide expertise in product creation
9) In a supply chain, “downstream” from the company is a set of firms that:
A) Supply the raw material
B) Supply information
C) Provide financing
D) Provide a connection between the firm and its customers
10) Which of the following is NOT a function of the distribution channel?
A) Gathering marketing research
B) Providing consulting on feasibility of new products
C) Customizing orders to customers’ needs
D) Storage
11) Which of the following is the least expensive distribution channel for hotel rooms?
A) Brand.com
B) Consortia
C) Global distribution system
D) Online travel agent
12) Which of the following is the most expensive distribution channel for hotel rooms?
A) Brand.com
B) Consortia
C) Global distribution system
D) Online travel agent