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...

Prostart 1 Unit 1 Exam with correct Answers Chapter 1: Which restaurant segment typically has an average per-person dinner check of $10 to $25? Casual dining full-service Chapter 1: Boulanger affected the growth of the restaurant and foodservice industry by opening the first restaurant Chapter 1: Which operation is in the noncommercial foodservice segment? Hospital cafeteria Chapter 1: All the services that people use and receive when they are away from home are known as hos...

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?...

Prostart 1 Unit 1 Exam with correct Answers Chapter 1: Which restaurant segment typically has an average per-person dinner check of $10 to $25? Casual dining full-service Chapter 1: Boulanger affected the growth of the restaurant and foodservice industry by opening the first restaurant Chapter 1: Which operation is in the noncommercial foodservice segment? Hospital cafeteria Chapter 1: All the services that people use and receive when they are away from home are known as hos...

Prostart 1 Unit 1 Exam with correct Answers Chapter 1: Which restaurant segment typically has an average per-person dinner check of $10 to $25? Casual dining full-service Chapter 1: Boulanger affected the growth of the restaurant and foodservice industry by opening the first restaurant Chapter 1: Which operation is in the noncommercial foodservice segment? Hospital cafeteria Chapter 1: All the services that people use and receive when they are away from home are known as hos...

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...