Exam (elaborations)
Revenue Management Final Exam 2024 Questions & Answers | 100% Correct | Verified
- Course
- Institution
What is bigger in the tourism industry, fixed costs or variable costs? - fixed costs are bigger -Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs We can reduce ...
[Show more]