CRME Certified Revenue Management Executive Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about CRME Certified Revenue Management Executive? On this page you'll find 134 study documents about CRME Certified Revenue Management Executive.
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THEM 3270 EXAM 1 QUESTIONS WITH CORRECT ANSWERS
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What is the term to describe the average revenue generated by each available guest room during a specific period of time? - ANSWER-RevPAR 
 
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 the name for the net value achieved by both parties in a business transaction? - ANSWER-Profit 
 
What is the f...
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Revenue Management Final Exam and Answers.
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Revenue Management Final Exam and Answers. 
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 e...
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Revenue Management Final Exam | Latest 2023 with complete solution
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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 ba...
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Revenue Management Final Exam Practice Questions With Correct Solution Expert Verified 2024
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Revenue Management Final Exam Practice Questions With Correct Solution Expert Verified 2024 
What is bigger in the tourism industry, fixed costs or variable costs? Correct Answer fixed costs are bigger 
-Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs 
 
We can reduce prices (even below total cost per room), as long as the 
reduced price covers, fixed cost per ...
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Revenue Management Final exam |Questions with Complete Verified Solutions |A Graded Latest Updated 2024
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Revenue Management Final exam |Questions with Complete Verified Solutions |A Graded Latest Updated 2024 
 
What is the term used to identify a management philosophy that places customer gain ahead of short-term revenue maximization in revenue management decision making? Correct Answer customer-centric revenue management 
 
What is the term used to describe the potential customers to whom a business's marketing activities and messages are directed? Correct Answer the target market 
 
Understand...
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Revenue Management Final Exam| Practice Questions With Verified Solutions 2024
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Revenue Management Final Exam| Practice Questions With Verified Solutions 2024 
 
Revenue Correct Answer The total number of sales achieved in a specific time period. Calculated as: # of units x unit price= Revenue 
 
Accountants Profit Formula Correct Answer Sales= Cost + Profit (Profit= Revenue- Expenses) 
 
Profit Correct Answer The net value achieved by a seller and a buyer in a business transaction 
 
ROI (Return on Investment) Correct Answer ROI= Owners Investment Return / Owners Original ...
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Revenue Management Final Exam| Questions With Verified Answers A Graded Latest Updated 2024
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Revenue Management Final Exam| Questions With Verified Answers A Graded Latest Updated 2024 
 
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 
 
correct answer -total revenues 
 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? 
 
-income 
 
-revenue 
 
-costs 
 
-profits 
 
correct answer -costs 
 
 
What is an algebrai...
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Revenue Management Final Exam | Updated Question & Answers Graded 100%
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Revenue Management Final Exam | Updated Question & Answers Graded 100% 
 
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 transactio...
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Hospitality Revenue Management final exam review Questions and answers latest update
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Hospitality Revenue Management final exam review Questions and answers latest update
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pharm test bank chapter 7
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1.	a.: A patient is given a new medication and reports nausea within an hour after taking the drug. The nurse consults the drug information manual and learns that nausea is not an expected adverse effect of this drug. When the next dose is due, what will the nurse do? 
a.	Administer the drug and tell the patient to report further nausea. 
b.	Hold the drug and notify the provider of the patient's symptoms. 
c.	Report the symptoms of nausea to the MEDWATCH program. 
d.	Request an order for an ant...
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