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