Hospitality unit 2 Study guides, Revision notes & Summaries

Revenue Management Final Exam | Latest 2023 with complete solution 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 eleme...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Hospitality Revenue Management final exam review | LATEST 2023/2024 with complete solution 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?...

Revenue Management Final Exam | latest with complete solution GRADED A+ 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...

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Exp...

Architect - Answer-a person professionally engaged in the design of certain large constructions other than buildings and the like landscape architect, naval architect. Drafter - Answer-professionally draws (sketches or computerized) structures Construction trades - Answer-career in construction and repair of residential and commercial structures (include: construction manager, carpenter, painter, plumber, and electrician) Furniture designer - Answer-designs furniture Textile designer - A...

Revenue Management Quizzes with complete solutions. 1. Identify which of these IS NOT a positive of using revenue management strategies and tactics: Motivate employees Increase revenues and profitability Serve more guests Increase market share - correct answer. Motivate employees 2. The Hurdle Rate is...? The average rate for a given day The lowest rate for a given day The maximum rate for a given day The highest rate for a given day - correct answer. The low...

SDH4701 Assignment 3 (COMPLETE ANSWERS) 2023 () - DUE 28 August 20232 Question 1 [28] 1.1 Design ONE power point presentation for your class and choose ONE of the following topics from the curriculum, either topic A or B. A: Grade 11, term 2, week 3 OR B: Grade 11, term 2, week 7 • You must use an original design (template) that you have downloaded from the internet to design your Power Point Presentation. State the website address that you have used to download the design (2 marks). Consu...

CMP EXAM WITH 100% CORRECT ANSWERS 2024 All freight traveling between countries must be accompanied by which of the following: a. an attorney b. an event rep c. descriptive documentation d. photographs of the contents - Correct answer-c. descriptive documentation The content of an event is determined by a. objectives b. audience c. budget d. suppliers - Correct answer-a. objectives DMCs and destination marketing organizations can provide guidelines on: a. hiring and contracting b...