Finance in the Hospitality Industry

How does competition among consumers affect prices?
Competition Among Consumers:
Leads to :
Higher prices;
Allocates goods to those willing to pay the most;
(ex. several buyers bidding at an auction push the price up).

FREELANCE:
Working on a contract basis for a variety of companies, as opposed to working as an employee for a single company.
Freelancers are often considered to be self-employed, and have the freedom to pick and choose their projects and companies they would like to be associated with.
A common profession for freelancing is writing; a writer then has the ability to submit their work to many different places, without being tied to any one company in particular.

COMISSION:
Mutually agreed upon, or fixed by custom or law, fee accruing to an agent, broker, or salesperson for facilitating, initiating, and/or executing a commercial transaction.
Formal body comprising of one or more experts formed on an ad hoc or continuing basis to address, debate, and/or exhaustively investigate matters within the expertise of its members or within the scope of the commission's mandate. Unlike councils, commissions may have advisory, quasi-judicial, or regulatory powers.




…