Unit-1-the-hospitality-industry Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

Architect - Answer-a person professionally engaged in the design of certain large constructions other than buildings and the like landscape architect, naval architect. Drafter - Answer-professionally draws (sketches or computerized) structures Construction trades - Answer-career in construction and repair of residential and commercial structures (include: construction manager, carpenter, painter, plumber, and electrician) Furniture designer - Answer-designs furniture Textile designer - A...

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Exp...

CMP EXAM WITH 100% CORRECT ANSWERS 2024 All freight traveling between countries must be accompanied by which of the following: a. an attorney b. an event rep c. descriptive documentation d. photographs of the contents - Correct answer-c. descriptive documentation The content of an event is determined by a. objectives b. audience c. budget d. suppliers - Correct answer-a. objectives DMCs and destination marketing organizations can provide guidelines on: a. hiring and contracting b...

Revenue Management Quizzes with complete solutions. 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 low...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

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 Exam #1|65 Questions with Answer 2023 Product, Customer, Time, Price - CORRECT ANSWER Revenue management is selling the right _______ to the right _________ at the right ________ for the right ________ Revenue/Yield Management - CORRECT ANSWER Maximize revenue by optimizing capacity, rates and prices and distribution under current and future demand/supply MARKET condition Demand Forecasting - CORRECT ANSWER The most important revenue management feature is They have informati...

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...

CMP EXAM WITH 100% CORRECT ANSWERS 2024 All freight traveling between countries must be accompanied by which of the following: a. an attorney b. an event rep c. descriptive documentation d. photographs of the contents - Correct answer-c. descriptive documentation The content of an event is determined by a. objectives b. audience c. budget d. suppliers - Correct answer-a. objectives DMCs and destination marketing organizations can provide guidelines on: a. hiring and contracting b...