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Revenue management Exam Questions With 100% Solved Answers

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Main rm industry characteristics - ANSWER-Fixed capacity; High fixed cost and low marginal sales; High demand fluctuations; Sell products in advance; Perishable inventory; Multiple and clear market segments; Main RM problems - ANSWER-Multiple-night stay; Multiplier effect; Booking lead time Main idea of RM - ANSWER-Selling the right product, to the right customer, at the right price,for the right time and through the right el RevPar - ANSWER-Revenue per available room ADR*occ%=RevPar Total revenue /total rooms available Doesn't show you additional revenue

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Institution
Revenue management
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Uploaded on
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2023/2024
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  • revenue management exam questions with 100 solved
  • revenue management exam questions stuvia
  • main rm industry characteristics answer fixed ca
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