Forgacs Study guides, Class notes & Summaries

DTM2601 Assignment 3 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). Case study: South African Red Train While the Red Train lives up to its five-star reputation in every sense, its cuisine surpasses even the highest expectations. It could be said that the dinner is the most unforgettable experience of guests’ adventure. On board, chefs regularly refresh their menus to intrigue and tantalise guest palates as they ...

HM 441 Study Guide 91 Questions with Answers 2023 CHAPTER 1: What is Rev Management? - CORRECT ANSWER Identify which of these is not a positive of using revenue management strategies and tactics: - CORRECT ANSWER Motivate employees The Hurdle Rate is...? - CORRECT ANSWER The Lowest Rate for a Given Day A benefit of variable pricing within revenue management is the smoothing of demand. - CORRECT ANSWER True Revenue management can be defined as - CORRECT ANSWER A set of strateg...

HM 441 Final Exam 53 Questions with Answers 2023 Identify which of these is not a positive of using revenue management strategies and tactics: A.Increase revenues and profitability B. Increase market share C. Motivate employees D. Serve more guests - CORRECT ANSWER C When the American Airlines CEO developed yield management, what type of information was crucial to its success? A. forecasting B. employee wages C. destination times D. fuel prices - CORRECT ANSWER A Revenue Manag...

HM 441 Chapter1,3,4,5 & 9 Questions with Answers 2023 Ch.1 Group Assignment Q's HM 441 The 3 major decisions of financial management involve - CORRECT ANSWER investing, financing, and payment of dividends Value is created if a projects - CORRECT ANSWER incremental benefits exceed incremental costs Disadvantage of the corporate form of organization - CORRECT ANSWER the tax treatment of dividends Difficulty in forming a Subchapter S Corporation - CORRECT ANSWER there can be no mo...

HM 441 TEST 2| 27 Questions with Answers 2023 You're overbooked by 1 room, its late and you need to walk 1 guest. which one should you walk? Male or female? - CORRECT ANSWER Male You need to walk one of these guests Mr. Baum: generate $230 in room revenue and there is no way to know if he would spend more Ms. Kerry: generate $330 (2x165) in room revenue plus look looking...... - CORRECT ANSWER Mr. Baum What is a guest called who decided to stay past his or her scheduled check-ou...

HM 441- RM- Final JMU 45 Questions with Answers 2023 Revenue management is a set of revenue maximization strategies and tactics that: - CORRECT ANSWER Can be used to improve the profitability of certain businesses Revenue management includes a multidisciplinary management techniques applied to several sub-sectors of the hospitality. Which of the following is NOT one discipline within revenue management? - CORRECT ANSWER Logistics Management What is the main reason travelers today ha...

HM 441 Final Exam 50 Questions with Answers 2023 false - CORRECT ANSWER revenue management is a computer system and is a price discounting logistics management - CORRECT ANSWER revenue management includes a multidisciplinary management techniques applied to several sub-sectors of the hospitality. Which of the following is NOT one discipline within revenue management? forecasting - CORRECT ANSWER when the american airlines CEO developed yield management, what type of information was cr...

HM 441 Final Exam 55 Questions with Answers 2023 Positives of Revenue Management Strategies & Tactics - CORRECT ANSWER - Serve more guests - Increase market share - increase revenues & profitability - NOT to motivate employees What is the hurdle rate? - CORRECT ANSWER The lowest rate for a given day (T/F) A benefit of variable pricing within RM is the smoothing of demand - CORRECT ANSWER True Revenue Management can be defined as... - CORRECT ANSWER A set of strategies and techni...

Summary Revenue Management - Maximizing Revenue in Hospitality Operations - Gabor Forgacs

Extensive summary of the book Revenue Management.