Hmgt 2100 - Study guides, Class notes & Summaries
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Hmgt 2100 final exam New Update Actual Test with complete solution
- Exam (elaborations) • 20 pages • 2024
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Why is Budgeting important? - Answer-Anticipate and prepare for future financial conditions 
Provide estimates of future revenues and expenses 
Help determine future room rates and other pricing structures 
Estimate financial returns on investments 
encourage managers to establish their own operating objectives, evaluation techniques and tools 
Help GM, Controller, and department heads self-evaluate financial progress 
controller - Answer-The individual responsible for recording, classifying, an...
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HMGT 2100 FINAL EXAM QUESTIONS VERIFIED CORRECTLY TO SCORE A+
- Exam (elaborations) • 17 pages • 2024
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full service hotels - Answer--complete food and beverage services 
-high quality guest services 
-major guests: corporate and leisure not sensitive to price 
-subsegments: 
1. deluxe 
2. luxury (upper upscale) 
3. upscale 
4. midscale with food and beverage 
limited service hotels - Answer--referred to as motels or motor hotels until 1990s 
-no restaurant or retail on the property 
-major guests are budget conscious 
-growing faster than full service hotels: ease of development, operations, high...
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HMGT EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
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HMGT EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
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