●market segments - Study guides, Class notes & Summaries

FINAL EXAM HOSP 3100 QUESTIONS AND ANSWERS What is hotel Revenue Management? Explain your answer - ANS->>Selling the right product (suite, club etc.) to the right customer (what segment?) at the right time(lead time) for the right price(strategies) through the right channel (GDS, OTA, B etc.) with the best cost efficiency (margin, commission, labour); Optimizing revenue by using tools (reports, systems, recommendations, and competitive intelligence), experience and insight towar...

University of Iowa Introduction to Travel and Tourism Exam 2 | updated 2023/24 What are the classifications of travelers? - Business VFR(Visit Friends and Family) EVFR (Other Personal Business) Pleasure What are the primary activities of business travelers? - consultations conventions inspections What are the secondary activities of business travelers? - dining out recreation shopping sightseeing VFR What the the primary activities of VFR travelers? - socializing dining in ...

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...

Product Mgmt Certification (AIPMM) Already Passed What is the #1 reason for new product failure? Weak value proposition and/or differentiation What are other reasons for new product failure? Insufficient up-front homework, lack of customer input, scope creep, functional silos, lack of focus, lack of competency What are the four "Ps" of Marketing? Product, Price, Place, Promotion What is Promotion? How to market the product What is Place? Channel we sell product to customers on What is Pri...

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, objectives, sta...

AQA AS BUSINESS Paper 1 Business 1 Friday 19 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the box at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages. • If you need extra space for your answer(s), use the lined pages at th...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

Comp XM Practice Quiz (2023/2024) Already Passed If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release What is a market segment? A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year reliability Which one of the following is NOT one of the four product characteristics that R&D can set? quality The promotion bu...

MKT 320F Final Exam Questions and Answers 100% Pass What is "differentiated marketing"? - A) A strategy where a company offers one product to the entire market - B) A strategy that involves targeting several market segments with different products - C) A method of increasing brand visibility through social media - D) A process for setting uniform pricing across all market segments B) A strategy that involves targeting several market segments with different products How does "pr...

who are players in the hotel industry - ANSWER-affiliations operations and independents categorizations used by hotel industry - ANSWER-geographic categories non-geographic categories what affiliations could a single hotel have - ANSWER-chain parent company management company owner asset management company chain - ANSWER-represents hotel brand which is clearly displayed to public and in all interactions STR uses ____ and _____ synonymously - ANSWER-chain and brand parent co...