Find all School-related info fast with the new School-Specific MBA Forum

It is currently 01 Aug 2014, 20:45

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The expenses related to sponsoring a conference can be

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 05 Dec 2011
Posts: 48
Followers: 0

Kudos [?]: 0 [0], given: 18

The expenses related to sponsoring a conference can be [#permalink] New post 06 Jul 2012, 11:16
1
This post was
BOOKMARKED
The expenses related to sponsoring a conference can be immense. An organization sponsoring a conference can recoup these expenses through registration fees and partnership with the host hotel. As part of the partnership, the host hotel sets aside a block of rooms for conference attendees, with rooms available at a slightly higher-than-normal rate.

While most conference attendees prefer to stay in the host hotel, they often follow an alternate strategy to avoid the extra cost of reserving a room within the block at the host hotel. Some attendees reserve rooms outside the host hotel -- the ROHH strategy. Others reserve rooms outside the block -- the ROB strategy.

Conference sponsors have succeeded in countering these strategies by increasing the conference registration fee by a fixed amount and then offering an equivalent registration fee discount to attendees who book rooms in the block. A study has shown that if this registration discount is equal to at least half the potential savings of an attendee's particular cost-saving strategy, the attendee is much more likely to reserve a room within the block.

http://www.gmatpill.com/gmat-practice-test/gmat-integrated-reasoning/multi-source-reasoning-questions/gmat-prep/Favor%20a%20Strategy/question/1881

Can anyone tell me what is the correct answer for this ?
GMAT Pill GMAT Discount CodesKaplan GMAT Prep Discount CodesVeritas Prep GMAT Discount Codes
1 KUDOS received
Current Student
User avatar
Affiliations: UWC
Joined: 09 May 2012
Posts: 399
Location: India
GMAT 1: 620 Q42 V33
GMAT 2: 680 Q44 V38
GPA: 3.43
WE: Engineering (Entertainment and Sports)
Followers: 23

Kudos [?]: 203 [1] , given: 100

GMAT Tests User Reviews Badge
Re: The expenses related to sponsoring a conference can be [#permalink] New post 07 Jul 2012, 18:05
1
This post received
KUDOS
A person is most likely going to prefer the ROB strategy if his or her out-of-block hotel rate is the cheapest. In that case, reserving outside the hotel for that person would not make sense. AMG conference attendees can stay at the affiliated Garden Inn which has the cheapest out of block room rate in the table. Hence attendees in this hotel will most likely implement a ROB strategy over ROHH.
Manager
Manager
avatar
Joined: 13 May 2010
Posts: 124
Followers: 0

Kudos [?]: 6 [0], given: 4

GMAT Tests User
Re: The expenses related to sponsoring a conference can be [#permalink] New post 14 Aug 2012, 19:15
I have a question about the room rates - room rates are per guest, per night so, assuming two guests per room.

When they say assuming two guests per room, what does that mean- does that mean that maximum number of occupants per room will be two? In all the calculations that we did, we did multiply by 2 to calculate the cost of accommodation for two nights since the given table listed the cost on a per night basis. Also, if we were (which the current question asks only for one attendee) to calculate the accommodation for two attendees instead of one would we need to multiply the cost by 4 ( 2 for two nights and another 2 for number of guests since the cost as listed is per night, per guest basis)?? Please clarify.
Current Student
User avatar
Affiliations: UWC
Joined: 09 May 2012
Posts: 399
Location: India
GMAT 1: 620 Q42 V33
GMAT 2: 680 Q44 V38
GPA: 3.43
WE: Engineering (Entertainment and Sports)
Followers: 23

Kudos [?]: 203 [0], given: 100

GMAT Tests User Reviews Badge
Re: The expenses related to sponsoring a conference can be [#permalink] New post 17 Aug 2012, 19:57
I have a question about the room rates - room rates are per guest, per night so, assuming two guests per room.

When they say assuming two guests per room, what does that mean- does that mean that maximum number of occupants per room will be two?
I understood it as having two guests per room; no maximum or minimum number of guests.

In all the calculations that we did, we did multiply by 2 to calculate the cost of accommodation for two nights since the given table listed the cost on a per night basis. Also, if we were (which the current question asks only for one attendee) to calculate the accommodation for two attendees instead of one would we need to multiply the cost by 4 ( 2 for two nights and another 2 for number of guests since the cost as listed is per night, per guest basis)?? Please clarify.

We would multiply by two to find the costs of two days. We don't need to again multiply by two to calculate the cost for two guests because the costs listed in the table will be shared by the two guests. For example if the question stated that the table lists the costs of a room that each person would have to pay then we would need to multiply by two. This is how I understand this question.
Re: The expenses related to sponsoring a conference can be   [#permalink] 17 Aug 2012, 19:57
    Similar topics Author Replies Last post
Similar
Topics:
Defendants who can afford expensive private defense lawyers hibloom 3 31 Jul 2008, 04:34
Human beings can see the spatial relations among objects by AK47 6 18 Jan 2007, 19:13
Human beings can see the spatial relations among objects by rkatl 6 07 Aug 2006, 18:46
relation beyondinfinity 16 20 Jun 2006, 12:12
Human beings can see the spatial relations among objects by andy_gr8 7 16 Jan 2006, 21:05
Display posts from previous: Sort by

The expenses related to sponsoring a conference can be

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: Bunuel, WoundedTiger



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.