Adr average daily rate - Study guides, Class notes & Summaries
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Revenue Management Final Q&A 100% All Verified
- Exam (elaborations) • 70 pages • 2023
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Revenue Management Final 
Q&A 100% All Verified 
what is the industry term used to describe the sum of prices paid by a business's 
customers? 
-daily receipts 
-profit 
-profits less expenses 
-total revenues - ANS--total revenues 
historically, what concept have hospitality managers chiefly used to calculate their 
selling prices? 
-income 
-revenue 
-costs 
-profits - ANS--costs 
what is an algebraic equivalent of the formula: sales=costs+profit? 
-profit=sales-costs 
-costs=sales+profits ...
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Hospitality Revenue Management A+ Compiled Questions and Answers 2024
- Exam (elaborations) • 21 pages • 2024
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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=salescosts 
What is the name for the net value achieved by both parties in a business transaction? - 
profit 
What element is not present in a barter economy? - money 
What is the formula used ...
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Revenue Management Test 1 Questions With 100% Correct Answers
- Exam (elaborations) • 18 pages • 2024
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Profit - ANSWER-total sales - total expenses 
 
Profit margin - ANSWER-profit/sales 
 
Costs of Goods Sold - ANSWER-costs/sales 
 
ADR - ANSWER-average daily rate 
 
ADR Formula - ANSWER-room revenue/rooms sold 
 
Occupancy rate - ANSWER-rooms sold/rooms available 
 
breakeven - ANSWER-fixed costs/ sales price - variable costs 
 
debt ratio - ANSWER-liabilities/member equity 
 
revenue management - ANSWER-The objective of Revenue Management is to sell the right product to the right customer at t...
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Revenue Management Final Exam | Latest 2023 with complete solution
- Exam (elaborations) • 15 pages • 2024
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What is the industry term used to describe the sum of prices paid by a business's customers? - ANSWER - Total Revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - ANSWER - Costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANSWER - Profit = Sales - Costs 
 
What is the name for the net value achieved by both parties in a business transaction? - ANSWER - Profit 
 
What element is not present in a ba...
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Revenue Management Final Exam with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 44 pages • 2024
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Revenue Management Final Exam with 100% Correct Answers | Verified | Latest Update 2024 
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? - Pr...
Too much month left at the end of the money?
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REVENUE MANAGEMENT FINAL EXAM, PRACTICE EXAM 2024 LATEST VERSIONS QUARANTEED PASS QUESTIONS CORRECTLY ANSWERED..
- Exam (elaborations) • 31 pages • 2024
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REVENUE MANAGEMENT FINAL EXAM, 
PRACTICE EXAM 2024 LATEST 
VERSIONS QUARANTEED PASS 
QUESTIONS CORRECTLY ANSWERED.. 
What is the industry term used to describe the sum of prices paid by a business's 
customers? - ANSWER- Total Revenues 
Historically, what concept have hospitality managers chiefly used to calculate their 
selling prices? - ANSWER- Costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANSWERProfit = Sales - Costs 
What is the name for the net valu...
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Hospitality Revenue Management Final Exam Review 2024 Questions & Answers | 100% Correct | Verified
- Exam (elaborations) • 21 pages • 2024
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- $10.49
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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 element is not present in a barter economy? - money 
What is the formula used to...
-
Hospitality Revenue Management final exam review 2023/2024
- Exam (elaborations) • 17 pages • 2023
- Available in package deal
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What is the industry term used to describe the sum of prices paid by a business's customers? - Correct Answer total revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Correct Answer costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Correct Answer profit=sales-costs 
 
What is the name for the net value achieved by both parties in a business transaction? - Correct Answer profit 
 
What element is not...
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Hospitality Revenue Management Final Exam Review Questions with Correct Answers
- Exam (elaborations) • 17 pages • 2024
-
Available in package deal
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- $14.49
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What is the industry term used to describe the sum of prices paid by a business's customers? - ANSWER-total revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - ANSWER-costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANSWER-profit=sales-costs 
 
What is the name for the net value achieved by both parties in a business transaction? - ANSWER-profit 
 
What element is not present in a barter economy? - ...
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Revenue Management Final Exam Question & Answer
- Exam (elaborations) • 15 pages • 2023
- Available in package deal
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- $12.99
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Revenue Management Final Exam 
Question & Answer 
What is the industry term used to describe the sum of prices paid by a business's 
customers? - ANS-Total Revenues 
Historically, what concept have hospitality managers chiefly used to calculate their 
selling prices? - ANS-Costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANS-Profit = 
Sales - Costs 
What is the name for the net value achieved by both parties in a business transaction? - 
ANS-Profit 
What eleme...
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