Strategic hospitality Samenvattingen, Aantekeningen en Examens

Revenue Management Final Exam | Latest 2023 with complete solution 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 calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What eleme...

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 bus...

Samenvatting van hoofdstuk 7 tot en met 15 (behalve 9) van het boek Strategic Management for Tourism, Hospitality and Events. Hoofdstuk 9 is niet samengevat omdat dit alleen over de SWOT analyse gaat en dit herhaal stof is uit eerdere delen van het boek en opleiding. De samenvatting bevat alle onderwerpen waar in het tentamen vragen over gesteld zijn. Het tentamen is vooral gericht op rijtjes en inzicht.

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Samenvatting Strategic Management 3 | International Hotel & Hospitality Management | Alle belangrijke punten (+ extra uitleg) om jouw tentamen te halen!

what formula represents a buyer's view of a sales transaction? - correct answer perceived value-selling price=personal profit what special challenge do buyers of hospitality products such as hotel guest rooms or restaurant meals face? - correct answer difficulty in quality evaluation prior to purchase as price decreases, ____ increases - correct answer value what factors do revenue managers employ when they devise and implement strategic pricing plans? - correct answer data management ...

How is good service defined? What constitutes superior service? - meeting customers' needs in the way they want and expect them to be met; superior service is exceeding customers' expectations What are some challenges service businesses face when managing and marketing their products and services? - 1. The nature of the product is different 2. Customers are more involved in the production process 3. People are part of the product 4. Its' harder to maintain quality control standards 5....

RHM Content Exam 1 How is good service defined? What constitutes superior service? - meeting customers' needs in the way they want and expect them to be met; superior service is exceeding customers' expectations What are some challenges service businesses face when managing and marketing their products and services? - 1. The nature of the product is different 2. Customers are more involved in the production process 3. People are part of the product 4. Its' harder to maintain quali...

What structure for Ethical considerations? Tucker's 5 Questions What structure for deciding strategy on public sector projects Public Sector Portfolio Matrix ACCA - 5 Skills? Commercial Acumen -Judgement - Awareness Analysis -Investigate -Enquire -Consider Communication -Inform -Persuade -Clarify Evaluation -Assess -Estimate -Appraise Scepticim -Probe -Question -Challange What model for environmental? PESTEL 5 Forces National What model for competitiveness? ...

WPC 480 Exam Questions with Correct Answers A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy - Answer-analysis. Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over a prolonged period of time? - Answer-sustainable competitive advantage Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service ...

Meetings are coordinated by an organization or group to bring people together for a common purpose. correct answers True The meetings industry is a provider of service, while the hospitality industry utilizes these services correct answers False DMCs and PCOs are typically corporations with several employees. correct answers True Association meetings tend to be larger than meetings held by corporations. correct answers True A convention center is a destination. correct answers False ...