Airline business Samenvattingen, Aantekeningen en Examens

At a restaurant, a waiter gives you a free desert because "you are awesome," in the hopes that you might give a better tip. This is an example of which principle of influence? - Answer- Reciprocity An airline announced they would discontinue a flight that was no longer profitable. The very next day, bookings for that flight increased dramatically. This is an example of which principle of influence? - Answer- Scarcity A hotel is able to increase the number of customers who reuse towels by...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer-total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer-costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer-profit=sales-costs What is the name for the net value achieved by both parties in a business transaction? - Answerprofit What element is not present in a barter economy? - Answer-...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer- Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer- Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer- Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Answer- Profit What element is not present in a barter eco...

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 calcu- late their selling prices?: costs What is an algebraic equivalent of the formula: Sales = Costs + Profit?: prof- it=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 ca...

CBP Exam 2 Latest Update Graded A+ A-1 Ambassadors Public Ministers Career Diplomats Consular Officers Career Couriers Immediate Family Members Max Admission - D/S A-2 Other Gov. Official Foreign Military Acting Courier Immediate Family Max Admission - D/S A-3 Personal Employees and Servants of A-1 and A-2 Immediate Family Max Admission - 3 years B-1 Temporary Visitor for Business (Admitted for time necessary) Max Admission - 1 year B-2 Temporary Visitor for Pleasure (Admitted for minimu...

RYANAIR: CASE STUDY FOR TEST 2 (98%) Score A+ Questions and Correct Answers. CASE STUDY QUESTIONS: 1. Explain how the vision, mission and business philosophy of Ryanair provide coherence in their business strategic direction. (20 marks) 2. Using SWOT analysis, evaluate internal and external factors that influence Ryanair’s performance in the airline industry. (20 marks) 3. Evaluate Ryanair’s competitive position in the airline industry based on the Porter’s Five Forces Model. (2...

BCOR Midterm Exam Questions and Answers Latest Update 2024 | Rated A+. Business Problems How much to produce, How much to buy, When to open the store, What products to promote? Decision making types Strategic decisions, Tactical (managerial) decisions, and operational decisions Strategic decisions A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tact...

Consumption correct answers represents the process by which consumers use goods, services, or ideas and transform into value. Goods, Services, and Ideas correct answers Goods are physical objects, such as toothpaste, cameras, or computers that satisfy consumer needs. Services are intangible items such as airline trips, stage show, financial advice, or art museums. Ideas are intangibles involving thoughts about actions or causes such as donating to a charity or voting for a political candida...

Purpose of the travel Industry compensation Fund correct answers to protect consumers who purchase travel services from Ontario-registered retailers If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to receive compensation from the Fund Travel Industry Compensation Fund Notes correct answers "Compensation Fund" Consumers do not have to live in Ontario to be covered by the Fu...

Tap Travel Exam 2023 With Questions and Answers. ACC Accredited Cruise Counselor - ANSWER training program and designation offered by Cruise Lines International Association. Acela Express - ANSWER Amtrak's high-speed train serving the Northeast corridor of the United States. additional liability insurance (ALI) - ANSWER Extra coverage for injury, death, or other liability to a third party, beyond both what state law mandates that car rental companies include in the cost of the rental and...