Select best answer and give reason:
Which of the following is an advantage of having a revenue management strategy?
Project management becomes more efficient.
The company is able to use up its assets.
It is easier to predict customer behavior.
It is a useful accounting information system.
Answer and Reason:
The _____ strategy involves placing a price on hospitality-related products in a way that provides value to a customer.
marketing
forecasting
pricing
dynamic
Answer and Reason:
A customer who books their airfare online will be looking for a cheaper ticket than a customer who books the same ticket through the airline’s physical office. Which statement best describes which concept?
Forecasting
Price sensitivities
Pricing strategy
Inventory management
Answer and Reason:
What is the meaning of Revpar?
Revenue par attendant room
Recreation par available room
Revenue par available room
Revenue par average room
Answer and Reason:
What is the meaning of GOPPAR?
Gross operation profit par available room
Goal profit par available room
Game par available room
Gross operation profit pay attendance room
Answer and Reason:
What is the meaning of ADR?
Average daily rate
Average daily room
Average daily rental
Average daily rack
Answer and Reason:
When the guest checks in at front desk, you should ask from guest?
Passport
Deposit
ID card
Reservation confirmation letter
Answer and Reason:
The Hubbart formula does not recover the hotel’s non-operating expenses. a.True
False
Answer and Reason:
The number of rooms of all types available for sale by a hotel is known as the hotel’s a.Rooms Level.
Rooms Inventory.
Product Placement.
Product Assortment. Answer and Reason:
Who manages a hotel’s central reservation system (CRS)?
Hotel GM
Hotel owner
Hotel FOM
Hotel franchisor Answer and Reason:
Customer relations skills such as courtesy and friendliness should be emphasized during a
Business’s
Facilities Design.
Hiring Process.
Market Research.
Technology Planning
Answer and Reason:
The things that people buy in order to satisfy their economic wants are known as Free Goods.
Tangible Objects.
Economic Votes.
Economic Goods and Services.
Answer and Reason:
A major characteristic of a market economy is __________ ownership of property. Monopolistic
Government
Limited
Private
Answer and Reason:
Wal-Mart, Domino’s Pizza, and Avis Rent-a-Car are examples of Retailers.
Industrial Distributors.
Answer and Reason:
Have you submitted midterm test on Moodle by due deadline?
Yes
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