It is often argued that private country clubs tend to have low-quality food operations because the members
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It is often argued that private country clubs tend to have low-quality food operations because the members do not join or frequent their clubs for the food but rather for the golf and fellowship. ( A private country club charges an initiation fee and monthly dues. Members pay for food and drink they consume. The members own the club and frequently pay annual assessments. When members resign or die, some clubs allow the members or their estate to resell the membership, subject to board approval of the new member. Other clubs resell the membership and retain the new initiation fee.) Critically evaluate the first paragraph.
Related Book For
International Financial Management
ISBN: 978-0132162760
2nd edition
Authors: Geert Bekaert, Robert J. Hodrick
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