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HOSPITALITY
Incorrect 194 REVENUE
MANAGEMENT
Next steps FINAL EXAM LATEST
2024 ACTUAL EXAM 200 QUESTIONS
194 missed terms
AND CORRECT DETAILED ANSWERS
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1 of 194
Term
Which course of action would be most beneficial to the profit
generating ability of a revenue manager's business?
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Increasing prices to reduce customer Ignoring customer feedback leads to
satisfaction is key for profit higher profits
, The majority of any consumer
The business should give away
surplus is captured by the
products for free to increase profits
business
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2 of 194
Term
A manager compares the revenue results for a 28-day P&L period to
the results of the 28-day P&L report from the previous 28-day period.
What source of information is the manager using to analyze the
revenue portion of the current P&L statement?
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historical performance cost accounting
industry standards intangibility
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3 of 194
Term
,What is the industry term for the average revenue generated by each
occupied guestroom during a defined period of time?
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Denied Goppar
RevPOR Revpar
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4 of 194
Term
What is the economic term used to describe the difference between
what a consumer is charged for a product or service and the price that
consumer would willingly pay for it?
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value proposition consumer surplus
break-even point value
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, 5 of 194
Term
Which of the Four I's of service addresses the fact that a hotel room
that goes unsold on a specific night cannot be discounted and offered
for sale the next day?
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inventory price
profit intangibility
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6 of 194
Term
Lani is the revenue manager at the Aloha Inn. In which situation would
Lani optimize the Inn's gross rooms revenues?
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