Inseperability - Study guides, Study notes & Summaries

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

According to our textbook, what does "pineapple" stand for? correct answers Symbol of hospitality and a sign of friendliness, warmth, and cheer (p5) What is an experience? correct answers What is service? correct answers All actions and reactions that guests perceive they are purchasing What are the major characteristics of service (e.g., perishability, intangibility, inseperability)? correct answers Perishability: The limited lifetime of hospitality proucts; for example, last night...

services - Answer-intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value Four I's of Services - Answer-intangibility, inconsistency, inseparability, inventory intangibility - Answer-The characteristic that a service is not physical and cannot be perceived by the senses - marketers try to make them tangible or show the benefits of using the service inconsistency - Answer-The quality of a service ...

Revenue Management Final Exam | latest with complete solution GRADED A+ What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What...

Revenue Management Final Exam | Latest 2023 with complete question and answer What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business trans...

obedience to authority - ANSWER -Studies of obedience by Stanley Milgram. Milgram told participants they would be participating in a study of the effects of punishment on learning. Their task was to administer electric shock to a "learner," but in reality, the "learner" was a confederate. Found that 65% of participants could be coaxed to deliver every level of shock -Milgram may have found high obedience because his participants were volunteers -Raised ethical issues. To ensure that there ...

Chapter 1 of BEM120 Service Marketing as an exchange process, Defines what a service is and how to set up marketing strategies for them. The classification of service and marketing problems are also defined and explained.