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HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES $16.49   Add to cart

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HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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  • Course
  • HOSPITALITY REVENUE MANAGEMENT
  • Institution
  • HOSPITALITY REVENUE MANAGEMENT

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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  • August 11, 2024
  • 122
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HOSPITALITY REVENUE MANAGEMENT
  • HOSPITALITY REVENUE MANAGEMENT
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TheAlphanurse
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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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