Hospitality sales Study guides, Study notes & Summaries

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...

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 used to...

marketing - ANSWERSA system of interrelated activities formulated to plan, price, promote and make available to consumers in a target market. sales - ANSWERSDirect efforts to sell a property by personal sales calls, telecommunication and mailings. marketing mix - ANSWERScombination of the four P's of marketing; product, place, promotion and price. 4 P's of marketing - ANSWERSproduct, place, price and promotion (controlled variables) Product-Service Mix - ANSWERSguestroom, furnishin...

Revenue Management Final Actual Exam Questions With Expert Revised Answers | 100% Guarantee Pass !! 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 - ANSWER : -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits - ANSWER : -costs what is an algebraic equivalent of the form...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

Which of the following statements about the relationship between marketing and sales is true?The scope of marketing activities is more long-term than that of sales activities Mick is responsible for evaluating the brand identity of a chain and recommending ways to increase the value of the brand. For which of the following components of a hospitality marketing mix is mick responsible?Product-service mix Advertising and direct mail campaigns best fit into which of the following components...

Within the lodging and food services industries are a variety of related fields that include: - Answerlodging, F&B (and tourism) -global, diverse -Hotels, restaurants, clubs, resorts, casinos, cruise ships, theme parks -The recreation and leisure market -The convention center market -The schools and colleges market -The business dining market -The health care market -The corrections market The number of opportunities offered by the hospitality industry is _________, as are the opportuni...

when greeting a guest, hospitality beings with correct answer: a smile and eye contact who is the best judge of on time service? correct answer: guests what is the best way to get excellent service while dining in a restaurant? correct answer: be gracious to the waitstaff and offer thanks for good service the management of human resources in the hospitality industry is complicated by which of the following facts? correct answer: many entry level employees are inexperienced which ...

Revenue Management Final Actual Exam Questions With Expert Revised Answers | 100% Guarantee Pass !! 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 - ANSWER : -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits - ANSWER : -costs what is an algebraic equivalent of the form...

Growth in the Industry: correct answers The demand for hospitality and tourism educators is derived directly from the demand for people working in the hospitality and tourism industry. Tourism is the largest industry in the world and the third largest industry in the US. The segments of lodging accommodation and foodservice comprise about 10% of all employment nationally. According to the Bureau of Labor Statistics of the US Department of Labor, the hospitality industry increased nearly 17% i...