REVENUE MANAGEMENT FINAL
EXAM QUESTIONS AND VERIFIED
ANSWERS; GET IT 100% ACCURATE
A benefit of variable pricing within revenue management
is the smoothing of demand. T/F - correct answer-
True
A diner has an average dining duration of 36 minutes at
breakfast time. The standard deviation of dining duration
is 5 minutes. Which of these RRM solutions would NOT
help decrease the variation in duration? - correct
answer- issuing a coupon for an late breakfast
special
A displacement analysis should be conducted: -
correct answer- when accepting a group
booking will mean turning other business away.
A positive aspect of matching competitors' prices is which
of the following? - correct answer- it drives the
choice to other differentiators or competitive advantages.
,A process flow diagram: - correct answer- all of
the above
An individual traveling, dining, attending a game or
performance, or staying alone is usually referred to as a
______________. This type of guest may be also be
defined as an individual hospitality customer. Think of a
single person purchasing an airline seat, a meal, a ticket,
or a hotel room; in RM we call this type of customer a: -
correct answer- Transient
Displacement Analysis can determine the quantifiable
benefits of different options. However it needs to have
the right circumstances. When is it appropriated? -
correct answer- When a reliable forecast
indicates that there's more demand than our capacity, it
will be a period of high demand
Displacement Analysis can determine the quantifiable
benefits of different options. However it needs to have
the right circumstances. When is it appropriated? -
correct answer- When a reliable forecast
, indicates that there's more demand than our capacity, it
will be a period of high demand
Displacement analysis is a RM decision making and
comparative scenarios tool with four step process: (1.)
________________________________; (2.) Establish the
net Food and Beverage revenue differential; (3.)
Determine other revenue; (4.) Summarize. Following the
computation of the Transients displaced costs and the
group reservation revenues, what do we do in step 1.? -
correct answer- Establish net room revenue
differential
For the this question, consider this table:
Table Size (tops or NR of seats)
2 48Total
Tables Available
614 2
Seats Available
Seats Used
62515 46
EXAM QUESTIONS AND VERIFIED
ANSWERS; GET IT 100% ACCURATE
A benefit of variable pricing within revenue management
is the smoothing of demand. T/F - correct answer-
True
A diner has an average dining duration of 36 minutes at
breakfast time. The standard deviation of dining duration
is 5 minutes. Which of these RRM solutions would NOT
help decrease the variation in duration? - correct
answer- issuing a coupon for an late breakfast
special
A displacement analysis should be conducted: -
correct answer- when accepting a group
booking will mean turning other business away.
A positive aspect of matching competitors' prices is which
of the following? - correct answer- it drives the
choice to other differentiators or competitive advantages.
,A process flow diagram: - correct answer- all of
the above
An individual traveling, dining, attending a game or
performance, or staying alone is usually referred to as a
______________. This type of guest may be also be
defined as an individual hospitality customer. Think of a
single person purchasing an airline seat, a meal, a ticket,
or a hotel room; in RM we call this type of customer a: -
correct answer- Transient
Displacement Analysis can determine the quantifiable
benefits of different options. However it needs to have
the right circumstances. When is it appropriated? -
correct answer- When a reliable forecast
indicates that there's more demand than our capacity, it
will be a period of high demand
Displacement Analysis can determine the quantifiable
benefits of different options. However it needs to have
the right circumstances. When is it appropriated? -
correct answer- When a reliable forecast
, indicates that there's more demand than our capacity, it
will be a period of high demand
Displacement analysis is a RM decision making and
comparative scenarios tool with four step process: (1.)
________________________________; (2.) Establish the
net Food and Beverage revenue differential; (3.)
Determine other revenue; (4.) Summarize. Following the
computation of the Transients displaced costs and the
group reservation revenues, what do we do in step 1.? -
correct answer- Establish net room revenue
differential
For the this question, consider this table:
Table Size (tops or NR of seats)
2 48Total
Tables Available
614 2
Seats Available
Seats Used
62515 46
