DISCUSSION QUESTIONS

Note: 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