Priceline Study guides, Class notes & Summaries

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE, QUESTIONS WITH CORRECT R ANSWERS LATEST 2023 GRADED A+. Fledging - A business that is struggling or in the early stages Assets - Anything that creates value to an entity Liability - Anything that takes value away from an entity Outsourcing - obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Business Incubator - local programs designed to provide low-cost shared business facilities to small st...

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE (QUESTIONS WITH CORRECT ANSWERS) LATEST 2023 GRADED A+. Distributors - Organizations that help other organizations sell their goods or services to customers Brokers - independent firms or individuals whose principal function is to bring buyers and sellers together to make sales Online marketplaces - bring together buyers and sellers of products and services EX. Amazon, Ebay, Priceline Industrial - Of, relating to, or resulting from industry. Industr...

According to our textbook, what does "pineapple" stand for? correct answers Symbol of hospitality and a sign of friendliness, warmth, and cheer (p5) What is an experience? correct answers What is service? correct answers All actions and reactions that guests perceive they are purchasing What are the major characteristics of service (e.g., perishability, intangibility, inseperability)? correct answers Perishability: The limited lifetime of hospitality proucts; for example, last night...

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE | QUESTIONS WITH CORRECT ANSWERS LATEST 2023 GRADED 100%. USP - Unique selling proposition. A theory to explain successful advertising campaigns. Suggests that such campaigns make unique propositions that encourage consumers to switch brands. Entity - anything having existence, either physical or mystical Retailer - a channel intermediary that sells mainly to consumers Producer - A person, company, or country that makes, grows, or supplies goods or c...

The conclusion that currency trading represents the world's largest market is directly generated from which of the following "new realities" for executives and marketers in the current world economic environment? correct answers Capital movements have replaced trade as the driving force of the world economy. India is currently categorized as a correct answers lower-middle-income country If Porsche raises prices in the United States in response to a weak dollar and this price change resu...

Travel and Tourism Team Decision Making Exam | updated A business that fails to protect its employees from unnecessary risk or health hazards on the job may be sued for A) Incompetence B) Misrepresentation C) Libel D) Negligence - Negligence Requiring businesses to control pollution and to dispose of hazardous waste properly are some of the main functions of __________ regulations. A) Workplace B) Environmental C) Personnel D) Geological - Environmental Jane is the owner of a pi...

Revenue Management Questions and Answers 100% Pass Revenue Management selling to the right guests at the right time at the right price to make the most profit Two characteristics of hospitality product perishability & intangibility How are revenue managers incentivized financially? How might this influence their decisions? on diff. basis such as RevPAR, Index, % Change - depending on what their incentives are based on, the hotel's performance or profit can differ Describe to someone who has ...

Revenue Management Final Exam Questions and Answers Graded A+ All sellers face capacity or supply constraints. Hard constraints are Constraints that cannot be violated at any price in the short term Soft constraints are Constraints that can be violated at some price When supply is constrained, the seller can Do nothing, raise the price until demand meets supply, or favor some customers with the limited supply The runout price is the price at which Demand equals supply Let d(p) be the demand ...

Chapter 03 Ebusiness: Electronic Business Value True / False Questions 1. Future managers and workers need to understand the benefits MIS and ebusiness can offer a company if it wants to take advantage of sustaining technologies. True False 2. A few examples of ebusiness advantages can include opening new markets, reducing costs, and expanding global reach. True False 3. Intermediaries occur when a customer sells directly to another customer online, cutting out the ...

DECA HOSPITALITY AND TOURISM 2023 NEW MATERIAL QUESTION AND ANSWERS LATEST An offer must be one party and accepted by the other party in order for a contract to be - legally binding. When an agent legally acts in the best interests of his/ her client, the agent is establishing a(n) ______ relationship. - Fiduciary. Which of the following is one of the rights of customers in the travel and tourism industry: - To be informed about a destination's social conditions. Kathy's once-booming ...