Unit-2-the-business-of-travel-and-tourism Study guides, Class notes & Summaries

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What eleme...

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 -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Certified Meeting Professional (CMP) Exam Questions and Answers Latest Updated 2024/2025 (100% Verified) Evaluation - ANSWER 1) Critiquing and rating the overall success of an event. 2) Developing an event profile from accurate event statistics. Objective - ANSWER Formalized statement of outcomes to be anticipated as a result of the educational process. Outsourcing - ANSWER Hiring an outside firm or individual to perform the task instead of using in-house staff; to subcontract a task or res...

  Reading 1. Xavier propagated his belief that dragons were real to his friends gathered around the campfire. Which of the following words could most logically replace the underlined word without altering the intent of the sentence? a. Shouted b. Expressed c. Persuaded d. Whispered 2. Which of the following statements least supports the argument that the American economy is healthy? a. The United States' Gross Domestic Product (GDP), which is the measure of all the goods and se...

Hospitality Revenue Management final exam review | LATEST 2023/2024 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - profit=sales-costs What is the name for the net value achieved by both parties in a business transaction?...

Revenue Management Final Exam | latest with complete solution GRADED A+ What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What...

AK History - Quizzes 1 through 9 Already Passed Use your geographic schema to answer this question: How is it that some people on the Aleutian Islands speak Aleut, English, and Russian? The Aleutian Islands are a crossroads for countries that speak English and Russian. Which of the following was not listed in the objective as being affected by geography? 1) Culture 2) Internet 3) History 4) Tourism Internet Which theme includes the interaction of people, places, things, and information? 1) ...

ESSAY QUESTIONS Question 1 Debate the reasons why some economies in the Global South are on the decline or stagnant while others are growing. How can government in countries with weak or stagnant economies influence their economies to grow? Support your answer with literature on how countries of the Global South can achieve economic development whilst maintaining the environmental integrity for future generations. 3 Contents NO PAGE 1 Introduction 2 Defining the term Global ...

Certified Meeting Professional (CMP) Exam-2023 Evaluation - CORRECT ANSWER-1) Critiquing and rating the overall success of an event. 2) Developing an event profile from accurate event statistics. Objective - CORRECT ANSWER-Formalized statement of outcomes to be anticipated as a result of the educational process. Outsourcing - CORRECT ANSWER-Hiring an outside firm or individual to perform the task instead of using in-house staff; to subcontract a task or responsibility to a third par...

POLS 1503 Final Exam Preparation POLS1503 A lot of analysts strongly believe that international investment cannot bring us to a closer, more economically integrated society. Select one: True What Internet-based communication platforms have made it much simpler for people to connect with others that have the same personal or professional interests? Select one: a. Websites and blogs b. Emailing and instant messaging systems c. Social networking websites Over the past decade...