Destination marketing and management Study guides, Class notes & Summaries
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Revenue Management Final Exam | Latest 2023 with complete solution
- Exam (elaborations) • 11 pages • 2023
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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...
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Test Bank For Access Introduction to Travel and Tourism 2nd Edition by Marc Mancini
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CHAPTER 
Version A 
I. True or 
_________ 1. 
_________ 2. 
_________ 3. 
_________ 4. 
_________ 5. 
known as suppliers. 
II. Write down the letter of the answer that best answers the question or completes the 
statement. 
_________ 6. The term VFR travel refers to: 
A. Visiting Friends and Relatives 
B. Very Frequent Reservations 
C. Very Favorable Restrictions 
D. Trick question: VFR refers to nothing 
_________ 7. Which of the following is not a sector of the travel industry? 
A. Corporate t...
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Revenue Management Final Exam Question & Answers 2022
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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...
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CHIA Exam Questions with 100% correct Answers
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who are players in the hotel industry - ANSWER-affiliations 
operations and independents 
 
categorizations used by hotel industry - ANSWER-geographic categories 
non-geographic categories 
 
what affiliations could a single hotel have - ANSWER-chain 
parent company 
management company 
owner 
asset management company 
 
chain - ANSWER-represents hotel brand which is clearly displayed to public and in all interactions 
 
STR uses ____ and _____ synonymously - ANSWER-chain and brand 
 
parent co...
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PGA PGM Level 3 3.0 Full Study Guide With Correct Answers.
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Recommended guideline a manager should use if an employee's performance differs from the expected? 
Address and find mutual agreement 
 
 
 
How should resources be allocated to avoid overwhelming a performer? 
Make them aware of what is available 
 
 
 
What should a manager do when a performer has difficulty recognizing when to act on a specific task? 
Take a specific direction 
 
 
 
A team member sets the holes correctly and is assigned this task routinely. What is the result of this? 
Rein...
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Accuplacer Exam Questions With Correct Answers 2022
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E 
If a ≠ b and 1/x + 1/a = 1/b, then x = 
A. 1/b - 1/a 
B. b - a 
C. 1/ab 
D. a - b/ab 
E. ab/a - b 
 
 
 
C 
The graph of which of the following equations is a straight line parallel to the graph of y = 2x ? 
A. 4x - y = 4 
B. 2x - 2y = 2 
C. 2x - y = 4 
D. 2x + y = 2 
E. x - 2y = 4 
 
 
 
A 
An equation of the line that contains the origin and the point (1, 2) is 
A. y = 2x 
B. 2y = x 
C. y = x -1 
D. y = 2x +1 
E. y/2 = x - 1 
 
 
 
E 
An apartment building contains 12 units consisting of ...
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Revenue Management Final Exam Questions with 100% Correct Answers
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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? - AnswerProfit 
What element is not present in a barter economy? - Ans...
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Revenue Management Final 2024 Questions & Answers | 100% Correct | Verified
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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 marketing mix - Distribution channels 
Tasha's hotel sold 175 rooms last night a...
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WGU D217 Accounting Information Systems MOD/UNIT tests 100% Pass
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WGU D217 Accounting Information Systems MOD/UNIT tests 100% Pass MOD 1 - The primary input to the transaction processing system is "a financial transaction." The financial transaction is the primary input to the transaction processing system. Financial transactions are economic events that affect assets and equities and are reflected on the financial statements. 
The major difference between the financial reporting system (FRS) and the management reporting system (MRS) is the "FRS provides in...
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Revenue Management Final Q&A 100% All Verified
- Exam (elaborations) • 70 pages • 2023
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Revenue Management Final 
Q&A 100% All Verified 
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 - ANS--total revenues 
historically, what concept have hospitality managers chiefly used to calculate their 
selling prices? 
-income 
-revenue 
-costs 
-profits - ANS--costs 
what is an algebraic equivalent of the formula: sales=costs+profit? 
-profit=sales-costs 
-costs=sales+profits ...
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