Revenue management Study guides, Class notes & Summaries

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Answer- Accor Hotels Which is a true statement about Parent Companies? - Answer- Parent Companies and the related chains have changed over time What are the three different operation types? - Answer- Chain Management, Franchise, Independent Which is a true statement about Management Companies? - Answer- Management companie...

HOSPITALITY REVENUE MANAGEMENT EXAM 2024 AND PRACTICE EXAM TEST BANK WITH STUDY GUIDE | ACCURATE QUESTIONS WITH DETAILED ANSWERS FOR GUARANTEED PASS | GRADED A

OOM (Object-oriented modeling): CORRECT ANSWERS: It is heavily used by both OOA and OOD activities in modern software engineering. ISO/IEC 20000 Family ISO27001 - ISO27002 - ISO27005 - ISO - ISO - CORRECT ANSWERS: ISO27001 - Requirements ISO27002 - Code of Practice ISO27005 - Risk Management ISO - Digital Evidence ISO - Electronic Delivery CIA triad (Confidentiality, Integrity, Availability) All Security functions Begin with Policy CORRECT ANSWERS: Confidentiality - Pro...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns...

Revenue Management correct answer-Also Known as Yield Management An essential instrument for matching supply and demand by dividing customers into different segments based on their purchase intentions and allocating capacity to different segments in a way that maximizes a particular's facility's revenues. The constellation of tools and actions dedicated toward the achievement of an optimal level of the hotels net revenues and gross operating profit 7 key point of Revenue Management co...

Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . (DETAILED ANSWERS - DISTINCTI ON GUARANTEED!). QUESTION 1 (20 MARKS) DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is a Level 1 Val...

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...

Revenue Management Final Exam Verified Questions And Answers 2023 Revenue Management Final Exam Verified Questions And Answers 2023

Question 2 of 21 1.0 Points Which stakeholders have the first claim on assets when a organisation enters bankruptcy?  A. Creditors  B. Top management  C. Debtors  D. Shareholders Answer Key:A Question 3 of 21 1.0 Points The long-term financial goal of the firm may be achieved by ...  A. maximising revenue and minimising expenses.  B. minimising the cost of capital and maximising the internal rate of return (IRR).  C. maximising the assets relative to the ...

1. Identify which of these IS NOT a positive of using revenue management strategies and tactics: Motivate employees Increase revenues and profitability Serve more guests Increase market share correct answer-Motivate employees 2. The Hurdle Rate is...? The average rate for a given day The lowest rate for a given day The maximum rate for a given day The highest rate for a given day correct answer-The lowest rate for a given day 3. A benefit of variable pricing within revenue managem...