Perishability Study guides, Study notes & Summaries

Revenue Management correct answer-selling to the right guests at the right time at the right price to make the most profit Two characteristics of hospitality product correct answer-perishability & intangibility How are revenue managers incentivized financially? How might this influence their decisions? correct answer-on diff. basis such as RevPAR, Index, % Change - depending on what their incentives are based on, the hotel's performance or profit can differ Describe to someone who ha...

HOSP-1010-Gaillard : Midterm Complete Solutions -Intangibility -Inseparability -Perishability -Variability ️What are the components of the *Service Distinction*? intangibility ️-Component of the Service Distinction -Can't be seen, tasted, felt, heard, or smelled before purchase inseparability ️-Component of the Service Distinction -Production & consumption happen simultaneously perishability ️-Component of the Service Distinction -Can't be stored for later sale or use (unsold ro...

The ________ led to an expansion of hospitality around the world? - French Revolution TQM is better than QC because TQM focuses on error detection - False Employee empowerment gives managers the ability to make decisions that satisfy guests - False Hospitality industry salaries can be more than $1,000,000 - True The international symbol of hospitality is a mango - False The way that hospitality industry sectors rely on each other is an example of - Interdependency People originally travele...

Marketing 3010 Exam 3 Questions and Answers Product - CORRECT ️️ Everything favorable/unfavorable a person receives in an exchange. Can be: Tangible, service, idea, or a combo of two or more Starting point of the marketing mix Good-Services Continuum - CORRECT ️️ Pure service (teaching) ------------- Pure good (salt) Most products fall in between these two. Restaurants are an example of being in the middle. 4 types of products - CORRECT ️️ Convenience and Shopping Specialt...

AIPMM - CPM PRACTICE EXAM fully solved 2023intangibility inseparability variability perishability Nature and characteristic of a service Product Price Promotion Place What are the 4 Kotler's Market Strategies? 00:19 01:18 Intensity of Competitive Rivalry Threat of New Entrants Threat of Substitute Bargaining Power of Customers Bargaining Power of Suppliers What are Porter's 5 forces? Conceive Plan Develop Qualify Launch Deliver Retire What are...

SRA 270 Exam Questions & Answers 2024/2025 Goal setting for the future is part of what function of management? - ANSWERSPlanning (SMART principle) Servant leaders highlight follower-oriented management style in the horizontal structure by sharing their authority with others - ANSWERSTrue There are four (4) unique characteristics of services in sport: - ANSWERSIntangibility: Services cannot be seen, felt, etc. before purchase Perishability: Services cannot be stored for later He...

Certified Product Manager - Online Course and Exam - 280 Product Group AIPMM Question and answers 100% correct 2023/2024Characteristics of a service and example for each - correct answer Inseparability - Bank visit Intangibility - University Course Variability - Customer Service Perishability - Airline flight What are Kotler's 4 Market Strategies? - correct answer Product, place, price, promotion What are Porter's 5 forces? - correct answer Bargaining power of suppliers Bargaining p...

intangibility inseparability variability perishability Nature and characteristic of a service Product Price Promotion Place What are the 4 Kotler's Market Strategies?

MIE 201 Exam 3Channel Marketing - correct answer an organized network of firms that work together to get goods and services from producer to consumer. Distribution strategy - correct answer overall plan for moving products to buyers Wholesalers - correct answer sell to organizational customers including other wholesalers, government agencies, and educational insitiuaions. These products are then resold or made into new products. reatilers - correct answer primarily sell products to ...

CPM Glossary (Certified Product Management) Complete Exam Questions With Complete Solutions 2024. Product - correct answer Anything that can be offered to a market for attention, acquisition, use, or consumption and that might satisfy a want or need. Includes physical objects, services, events, persons, places, organizations, ideas, or some combination thereof. Augmented product - correct answer A product enhanced by the addition of related services and benefits, e.g. installation, warranty,...