Hospitality management Study guides, Class notes & Summaries

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM REVIEW,REVENUE MANAGEMENT FINAL EXAM PRACTICE QUESTIONS,REVENUE MANAGEMENT FINAL EXAM LATEST 2024 QUESTIONS AND CORRECT DETAILED ANSWERS(VERIFIED ANSWERS)|ALREADY GRADED A+

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...

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM REVIEW LATEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREDY GRADED A+

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2024 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+

behavioral school of management - ANSWER-management theorists who sought to develop better ways to motivate workers than the rules, systems, and wages proposed by the classical management theorists. classical school - ANSWER-a school of management thought in which workers are seen as rational people interested primarily in making money. This management approach addresses an employee's economic and physical needs, but not his or her social needs or need for job satisfaction. competitive be...

Service Quality Management in Hospitality, Tourism, and Leisuref

Legal Aspects in Tourism & Hospitality Management Question and answer 100% solved 2023"Ignorantia juris non excusat." Ignorance of the law excuses no one. without law, our world would be very unstable with anarchy in our streets this would be difficult to achieve. (Legal doctrine from the Roman law) Substantive law - a law which creates, defines, and regulates rights or which regulates the rights and duties which give rise to a cause of action. Adjective law - a law which prov...

Service Quality Management in Hospitality, Tourism, and Leisuref

Revenue management is the act of directing sources of income within the confines of - Answer- capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - Answer- Controllable expenses Name revenue optimization strategies - Answer- Market segmentation, Duration control , BAR (Best Available Rate) Legoherel, Poutier, & Fyall point out that revenue optimization is not only about product versioning, distribution channel selectio...