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Revenue Management Exam 1 Latest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert) $12.99   Add to cart

Exam (elaborations)

Revenue Management Exam 1 Latest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert)

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  • REVENUE MANAGEMENT
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  • REVENUE MANAGEMENT

Revenue Management Exam 1 Latest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert) What are the supply and demand structures necessary for revenue manage-ment to be a viable strategy? ANS Cyclical Demand Fixed Supply/Capacity Perishability/Inability to Inventory High...

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  • September 21, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • REVENUE MANAGEMENT
  • REVENUE MANAGEMENT
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NurseFerian
Revenue Management Exam 1.pdf file:///C:/Users/HP/Desktop/New%20Conver/Revenue%20Managem




Revenue Management Exam 1 Questions & Verified

Answers



1. What are the supply and demand structures necessary for revenue manage-ment to be a

viable strategy?

ANS Cyclical Demand

Fixed Supply/Capacity

Perishability/Inability to Inventory

High Fixed Costs as a Percentage of Total Costs



2. What is the definition of revenue management?

ANS Data Driven Strategies to

Sell the right room to

the right customerat

the right price

at the right moment
1/4




1 of 13 9/18/2024, 11:15

,Revenue Management Exam 1.pdf file:///C:/Users/HP/Desktop/New%20Conver/Revenue%20Managem




on the right distribution channel



3. What are the right market structures necessary for revenue management tobe a viable

strategy?

ANS Difference in taste and buying behaviors

Variance in the value of the customer High

value customers tend to book last



4. What are the major key performance indicators for hotels (comp set met-rics)?

ANS Occupancy Index Percent Change Ranking

ADR Index Percent Change Ranking RevPar

Index Percent Change Ranking



5. What are the categories in a hotel Rate Portfolio for revenue management?-



ANS Forecasted Demand

BAR

Contract
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2 of 13 9/18/2024, 11:15

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