Strategic hospitality Samenvattingen, Aantekeningen en Examens

HM 441 Study Guide 91 Questions with Answers 2023 CHAPTER 1: What is Rev Management? - CORRECT ANSWER Identify which of these is not a positive of using revenue management strategies and tactics: - CORRECT ANSWER Motivate employees The Hurdle Rate is...? - CORRECT ANSWER The Lowest Rate for a Given Day A benefit of variable pricing within revenue management is the smoothing of demand. - CORRECT ANSWER True Revenue management can be defined as - CORRECT ANSWER A set of strateg...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Revenue Management Final | with latest questions This formula represents a buyers view of a sales transaction? - Perceived Value-Selling Price=Personal Profit Effective revenue managers use this to best develop and evaluate their organizations pricing and revenue management strategies and tactics. - Regular Strategy meetings A pricing system based upon a buyers view of product or service value - Value-based pricing Included in the Place portion of a hotel's markieting mix - Distributi...

HM 441 Final Exam 53 Questions with Answers 2023 Identify which of these is not a positive of using revenue management strategies and tactics: A.Increase revenues and profitability B. Increase market share C. Motivate employees D. Serve more guests - CORRECT ANSWER C When the American Airlines CEO developed yield management, what type of information was crucial to its success? A. forecasting B. employee wages C. destination times D. fuel prices - CORRECT ANSWER A Revenue Manag...

Hotel Revenue Management Chapters 1-6 Questions and Answers 100% Solved Revenue management, sometimes called yield management, is a set of revenue maximization strategies and tactics that: can be used to increase profitability When the American Airlines CEO developed yield management, what type of information was crucial to its success? Forecasting Which of the following statements about hotel revenue management is FALSE? Revenue mgt. is new, as are all the strategies that are employed to max...

1. What “Strategic Factors” and “Environmental Factors” should be considered to manage your accounts effectively? Select three of these factors and explain why you think these factors are impo rtant 3 2. Select any two “Maslow’s Hierarchy of Needs” and explain how those needs will impact your client’s decision to purchase your product or service now, as compared to 2019 (before the pandemic 3 3. How would you perform an effective “Account Analysis” during the Covid pandemic? ...

HM 441 Chapter1,3,4,5 & 9 Questions with Answers 2023 Ch.1 Group Assignment Q's HM 441 The 3 major decisions of financial management involve - CORRECT ANSWER investing, financing, and payment of dividends Value is created if a projects - CORRECT ANSWER incremental benefits exceed incremental costs Disadvantage of the corporate form of organization - CORRECT ANSWER the tax treatment of dividends Difficulty in forming a Subchapter S Corporation - CORRECT ANSWER there can be no mo...

CMP EXAM WITH 100% CORRECT ANSWERS 2024 All freight traveling between countries must be accompanied by which of the following: a. an attorney b. an event rep c. descriptive documentation d. photographs of the contents - Correct answer-c. descriptive documentation The content of an event is determined by a. objectives b. audience c. budget d. suppliers - Correct answer-a. objectives DMCs and destination marketing organizations can provide guidelines on: a. hiring and contracting b...

CIPM Scenario Practice Exam 71 Questions with Verified Answers Based on Albert's observations regarding recent security incidents, which of the following should he suggest as a priority for Treasure Box? A. Appointing an internal ombudsman to address employee complaints regarding hours and pay. B. Using a third-party auditor to address privacy protection issues not recognized by the prior internal audits. C. Working with the Human Resources department to make screening procedures fo...

The organization is trying to prevent some risks from occurring through training new hires and mitigating the impact of risk events that do occur by practicing certain procedures. A security-conscious organization requires all new hires to complete training on security policies and conducts annual "armed intruder" drills for all employees. What risk management strategies is this company using? (Workplace Module) - Answer Prevention and mitigation Michael Porter's Five (5) Forces - Answe...