Marketing of travel and tourism Samenvattingen, Notities en Examens

Certified Meeting Professional (CMP) Exam Questions and Answers Latest Updated 2024/2025 (100% Verified) Evaluation - ANSWER 1) Critiquing and rating the overall success of an event. 2) Developing an event profile from accurate event statistics. Objective - ANSWER Formalized statement of outcomes to be anticipated as a result of the educational process. Outsourcing - ANSWER Hiring an outside firm or individual to perform the task instead of using in-house staff; to subcontract a task or res...

Event Management Exam 1 verified solution event organized occasion such as meeting, convention, exhibition components of an event - events are organized - organizing takes place over time - events have several functions that are all connected - events are temporary -- clearly defined - events are gatherings of people - producer/consumer - events are a display of ritual/habit - events are unique experiences MEEC Meetings: no expositions Expositions: closed to public Events: fe...

Test Bank For Project Management the Managerial Process 6th Edition By Erik Larson Clifford Gray All Chapters Complete 1-18 | . What Is a Project? A. What a Project Is Not B. The Project Life Cycle C. The Project Manager 2. The Importance of Project Management 1-2 A. Compression of the Product Life Cycle B. Global Competition C. Knowledge Explosion D. Corporate Downsizing E. Increased Customer Focus F. Small Projects Represent Big Problems 3. Project Management Today—An Integrative...

ADR formula - ANSWERSTotal Rooms Revenue / Total Rooms Sold Value proposition - ANSWERSwhen a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANSWERSOwners Investment Return/ Owner's Original Investment Profit - ANSWERSnet value achieved by both parties in a business transaction GOPAR formula - ANSWERSTotal revenue - Management Controllable Expenses / Rooms Available to sell Destination mar...

This formula represents a buyers view of a sales transaction? - Answer- 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. - Answer- Regular Strategy meetings A pricing system based upon a buyers view of product or service value - Answer- Value-based pricing Included in the Place portion of a hotel's markieting mix - Answer- Distribution channels Tas...

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 element is not present in a barter economy? - money What is the formula used to...

Revenue management final ADR formula - ANS->>Total Rooms Revenue / Total Rooms Sold Value proposition - ANS->>when a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANS->>Owners Investment Return/ Owner's Original Investment Profit - ANS->>net value achieved by both parties in a business transaction GOPAR formula - ANS->>Total revenue - Management Controllable Expenses...

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 - ️️Distribution channels Tasha's ho...

Test Bank For Project Management the Managerial Process 6th Edition By Erik Larson Clifford Gray All Chapters Complete 1-18 (2024/2025) What Is a Project? A. What a Project Is Not B. The Project Life Cycle C. The Project Manager 2. The Importance of Project Management 1-2 A. Compression of the Product Life Cycle B. Global Competition C. Knowledge Explosion D. Corporate Downsizing E. Increased Customer Focus F. Small Projects Represent Big Problems 3. Project Management Today—An Int...

The single most important part of personal hygiene for a food handler is - Answer-1.Washing Hands What is the combination of all the services that people need and will pay for when away from home? - Answer-2. Travel and Tourism Bacteria grow especially fast in the temperature range of - Answer-3. 70°F (21°C) to 125°F (52°C). What is it called when several people connect for the purpose of building relationships that may result in career advancement? - Answer-4.Networking After four hou...