Revenue Management Studienführer, Klassennotizen & Zusammenfassungen

Revenue Management Final study guide rated exam

revenue management final complete practice test

Hospitality Revenue Management final exam review with complete solution

Revenue Management Final with complete solution

Revenue Management Final Exam with complete solution

HTM 3524 - Final Exam - Chapter 7 (Revenue Management)

Revenue Management Final with complete solution

REVENUE MANAGEMENT FINAL EXAM PRACTICE QUESTIONS

What is bigger in the tourism industry, fixed costs or variable costs? - fixed costs are bigger -Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs We can reduce prices (even below total cost per room), as long as the reduced price covers, fixed cost per room or variable cost per room? - We can reduce prices as long as the reduced price covers the variable co...

What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What element is not present in a barter economy? - Money What is the formula use...