Questions
BUS-480-01 Final Exam
Single choice
A displacement analysis should be conducted:
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
The prompt asks: 'A displacement analysis should be conducted:' and provides an answer of 'when accepting a group booking will mean turning other business away.' However, the answer options are missing, so we cannot compare multiple choices here.
To reason about the concept, a displacement analysis in hospitality and revenue management is a tool used to evaluate the potential impact of accepting a particular booking (often a group or large party) on the rest......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
A ski resort hotel has 20 rooms. The full price of each room is $160. The manager would like to sell one room at an advance-purchase discount. The manager knows that the probability is 0.60 that demand at the full price will be no higher than 19 rooms, but is not sure what should be the size of the discount. Based on the course material on revenue management, which of the following advance-purchase discount prices would likely result in increased revenue for the hotel?
If the average room rate is $50 when 500 rooms are sold, and if the multiple occupancy is 60% and double rooms are priced $17 higher than single rooms, compute the double room rate
Part 1Industries traditionally associated with revenue management arePart 2 A. not able to apply variable pricing for their product and are not able to control product availability. B. not able to apply variable pricing for their product but are able to control product availability. C. able to apply variable pricing for their product and are able to control product availability. D. able to apply variable pricing for their product but are not able to control product availability.
Part 1What is an alternative name for revenue management?Part 2 A. yield management B. cash flow management C. price and demand management D. income management
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!