Travel and tourism t - Study guides, Class notes & Summaries

1.2 Travel and Tourism test questions and answers rated A+ 2024/2025

Revenue management final ADR formula - ANS->>Total Rooms Revenue / Total Rooms Sold Value proposition - ANS->>when a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANS->>Owners Investment Return/ Owner's Original Investment Profit - ANS->>net value achieved by both parties in a business transaction GOPAR formula - ANS->>Total revenue - Management Controllable Expenses...

Revenue Management Final Exam Review This formula represents a buyers view of a sales transaction? - ANS-Perceived ValueSelling Price=Personal Profit Effective revenue managers use this to best develop and evaluate their organizations pricing and revenue management strategies and tactics. - ANS-Regular Strategy meetings A pricing system based upon a buyers view of product or service value - ANS-Valuebased pricing Included in the Place portion of a hotel's markieting mix - ANS-Distrib...

ADR formula - ANSWERSTotal Rooms Revenue / Total Rooms Sold Value proposition - ANSWERSwhen a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANSWERSOwners Investment Return/ Owner's Original Investment Profit - ANSWERSnet value achieved by both parties in a business transaction GOPAR formula - ANSWERSTotal revenue - Management Controllable Expenses / Rooms Available to sell Destination mar...

Business - correct answer Any activity that seeks to provide goods and services to others while operating at a profit Profit - correct answer The amount a business earns above and beyond what it spends for salaries and other expenses. Entreprenuer - correct answer A person who risks time and money to start and manage a business Revenue - correct answer The tota...

Three main approaches to teaching English 1. Direct Method 2. Communicative Approach 3. Task Based Approach What is the aim of The Direct Method The aim is for accuracy and to sound as much as possible like a native English speaker. What does the Direct method focus on? Pronunciation and Grammar (Structural Approach) Generally speaking, what is the Direct Method? It is basically drilling and memorizing the English language. Students develop word and sentence repertoire...

Adelaide attempted to ASSUAGE her guilt over the piece of cheesecake by limiting herself to salads the following day. Which of the following is the definition for the assuage word in the sentence? a. increase b. support c. appease d. conceal c. Which of the following would best support the argument that people cause global climate change? a. The average global temperature has increase 1.5 degrees Fahrenheit since 1880. b. Common green house gases include carbon dioxide and water vapo...

INTRODUCTION TO BUSINESS MANAGEMENT CHAPTER 1 QUESTIONS AND ASWERS A+ GRADED. Buy Quality Materials! Goods Tangible products such as computers. food, clothing, cars, and appliances. Services Intangible (i.e., products that can't be held in your hands) such as education, health care, insurance, recreation, and travel and tourism. Business Any activity that seeks to provide goods and services to others while operating at profit. Entrepreneur A person who risks time and money to star...

AICE TRAVEL AND TOURISM EXAM Tests Questions And Answers With Latest Updates_ .pdf

Georgia History Milestones Review Questions and Answers Rated A+ Why did the Spanish conquistadors come to the North America? From , rumors of riches equal to those of the Aztecs spurred conquistadors to explore North America to satisfy their lust for glory and wealth. What famous Spanish explorer trekked through Georgia? The most famous Spanish conquistador in Georgia's history is Hernando de Soto. What impact did the Spanish explorers have on the Native American populations they encountered...