Hospitality Revenue Management Quiz 5
Alice is the revenue manager at the Granger hotel. A large volume customer wants a
price quote from Alice on 50 rooms per week for the next 52 weeks. Each room would
be rented for two days at a time. How many room nights will Alice be quoting on? -
Question and answers5200
Hotel revenue managers face hard supply constraints. In which industry below are hard
constraints also likely to be encountered? - Question and answersHair Salons
Lisa is the revenue manager of a 500 room hotel property. Next week-end demand for
her rooms will exceed the number of rooms she has available for sale. Which high
demand pricing strategy will optimize revenue for her property? - Question and
answersImplement a differential pricing strategy and allocate the limited supply to those
market segments who value the rooms most highly
What two factors establish a restaurant's weekly customer capacity? - Question and
answersNumber of seats and number of hours open per week
What is the name of the US legislation that prevents sellers from giving discount prices
to volume buyers? - Question and answersRobinson-Patman Act
What is the name used to describe a consortium of independent organizations formed
to limit competition by controlling the production, distribution, and pricing of a product or
service? - Question and answersCartel
What is the name of the US legislation that outlawed all contracts and conspiracies that
unreasonably restrain interstate trade? - Question and answersSherman Antitrust Act
What is the name of the law that was established for the express purpose of enforcing
the Sherman Antitrust Act? - Question and answersFederal Trade Commission Act
What is the name of the US legislation that prohibits illegal discrimination in pricing,
which means that a business must apply its prices fairly? - Question and
answersClayton Act
What is the name of the law that prevents sellers from giving discount prices to volume
buyers if the volumes required for the discount are so high that only one or two buyers
can meet them? - Question and answersRobinson-Patman Act
What is the name for the price perceived by consumers as the normal or standard price
for a product or a service? - Question and answersReference price
Alice is the revenue manager at the Granger hotel. A large volume customer wants a
price quote from Alice on 50 rooms per week for the next 52 weeks. Each room would
be rented for two days at a time. How many room nights will Alice be quoting on? -
Question and answers5200
Hotel revenue managers face hard supply constraints. In which industry below are hard
constraints also likely to be encountered? - Question and answersHair Salons
Lisa is the revenue manager of a 500 room hotel property. Next week-end demand for
her rooms will exceed the number of rooms she has available for sale. Which high
demand pricing strategy will optimize revenue for her property? - Question and
answersImplement a differential pricing strategy and allocate the limited supply to those
market segments who value the rooms most highly
What two factors establish a restaurant's weekly customer capacity? - Question and
answersNumber of seats and number of hours open per week
What is the name of the US legislation that prevents sellers from giving discount prices
to volume buyers? - Question and answersRobinson-Patman Act
What is the name used to describe a consortium of independent organizations formed
to limit competition by controlling the production, distribution, and pricing of a product or
service? - Question and answersCartel
What is the name of the US legislation that outlawed all contracts and conspiracies that
unreasonably restrain interstate trade? - Question and answersSherman Antitrust Act
What is the name of the law that was established for the express purpose of enforcing
the Sherman Antitrust Act? - Question and answersFederal Trade Commission Act
What is the name of the US legislation that prohibits illegal discrimination in pricing,
which means that a business must apply its prices fairly? - Question and
answersClayton Act
What is the name of the law that prevents sellers from giving discount prices to volume
buyers if the volumes required for the discount are so high that only one or two buyers
can meet them? - Question and answersRobinson-Patman Act
What is the name for the price perceived by consumers as the normal or standard price
for a product or a service? - Question and answersReference price
