Answered: 1. Explain and give examples of the… | bartleby

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Elaborately respond to the following questions as related to chapters 6 and 7:
1. Explain and give examples of the following three types of Stay Controls:
a) Minimum stay requirements
b) Stay through
c) Close to arrival
2. Why might a revenue manager knowingly choose a less profitable option? Wouldn't this violate
revenue management principles? Explain in detail.

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