Airline business Samenvattingen, Aantekeningen en Examens

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-...

All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - d Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching costs. d. overcome the perishability of the hotel "product." - c. in...

Consumer Behavior 10e Schiffman TestBank Completed Correctly Consumer Behavior 10e Schiffman tbINTRODUCTION Welcome to the Test Item File for Consumer Behavior, 10th edition. The textbook was authored by Leon G. Schiffman and Leslie Lazar Kanuk, in collaboration with Joseph Wisenblit. Each chapter in the Test Item File contains four types of questions: Multiple-Choice, Multiple-Choice Mini Case, True/False, and Essay Questions. Each question is formatted with the question number, possibl...

ACCT 2101 Final Exam Study Guide Chapters 1 – 12 Chapter 1 1. The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a. account payable. b. account receivable. c. revenue. d. expense. 2. The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. 3. Borrowing money is an example of a(n) a. delivering activity. b. financing activity. c. inves...

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...

TICO Test Sample Questions and Answers Already Passed In representations is it required to show the price including GST/PST?No No, the total amount to be paid for travel services A regulation in support of an Act describes... How the rules will be enforced or applied A representation displayed on a billboard or bus board or any other medium with time or space limitation is NOT required to include? Registrant's business name, address and registration number Contributions to the Compensation F...

Test Bank Marketing Management, 3rd Edition Greg Marshall Mark Johnston Contemporary Marketing 3rd Edition – Test Bank Chapter 1—Marketing: The Art and Science of Satisfying Customers MULTIPLE CHOICE 1. What utility does Cannondale create when the company combines aluminum and other components in the production of bicycles? a. ownership utility b. form utility c. place utility d. time utility REF: 5 NOT: AACSB Reflective Thinking | TB&E Model Marketing Plan 2. When you purchase concert ticke...

WGU - D426: Objective Assessment|A+ Graded Questions with Complete Answers Database Application Software that helps business users interact with database systems. Database Administrator Responsible for securing the database system against unauthorized users. A database administrator enforces procedures for user access and database system availability. Authorization Many database users should have limited access to specific tables, columns, or rows of a database. Database systems au...

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...

Q4. Theresa told Mitch, his son-in-law, to get a job, any job. Mitch had a bachelor’s degree, so he had a good chance. Unemployment was low and there were job openings. What is missing to make this a SMART goal? Question options: et a job- Wrong al e measure The Hawthorne Studies contributed to the field of management in that it showed: Question options: ess of a factor in determining output than group standards and sentiments, and security above dards effectively established indi...