Revenue Management Test 1 Questions With 100% Correct Answers
Profit - ANSWER-total sales - total expenses Profit margin - ANSWER-profit/sales Costs of Goods Sold - ANSWER-costs/sales ADR - ANSWER-average daily rate ADR Formula - ANSWER-room revenue/rooms sold Occupancy rate - ANSWER-rooms sold/rooms available breakeven - ANSWER-fixed costs/ sales price - variable costs debt ratio - ANSWER-liabilities/member equity revenue management - ANSWER-The objective of Revenue Management is to sell the right product to the right customer at the right time for the right price, thereby maximizing revenue from a company's products and services.
Written for
- Institution
- Revenue Management
- Course
- Revenue Management
Document information
- Uploaded on
- June 27, 2024
- Number of pages
- 18
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
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revenue management test 1 questions with 100 corr
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revenue management test 1 questions stuvia
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profit answer total sales total expenses
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