Venue management exam 1 - Study guides, Class notes & Summaries

Event and Venue Management Exam 1 Fall 2023 Guide Arena / Coliseum indoor facility with fixed seats and permanent or portable stage (court) Theaters permanent stage, permanent seats, and a sloped floor Auditoriums permanent stage, permanent and portable seats, and flat floors Convention Centers exhibit and meeting space and large flat spaces Stadiums large facility either open or domed with seats and bleachers surrounding a field area Amphitheaters open air with stage, permanent se...

What are the two components of revenue management? - ANSWER-Supply: the amount of a good or service that a seller is willing and able to sell for an given price at any time. Demand: the amount of a good or service that a purchase is willing and able to buy for any given price at any given time What was the first reference to RM and what was its importance to the travel industry? - ANSWER-Taylor, CJ American Airlines, New York This work recogonizes the value of selling more airlines seats...

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Revenue Management Exam 1 questions with correct answers

Revenue Management Exam 1 Study Guide Complete Questions And Answers Revenue Management Exam 1 Study Guide Complete Questions And Answers

Venue Management Exam 1 Latest 2023 with complete solution Term used for the average amount of concession or merchandise sales per person Ancillary Event Revenues A road term used to describe merchandise sold on tour Swag or Merch 2 Types of traditional rent structures for a venue Flat rate Percentage Flat rate rent One-time rent fee Percentage rent Pay the venue a percentage of the ticket sales NAGBOR Net Adjusted Gross Box Office Receipts What a promoter might say when calling ...

Revenue Management Exam 1 – 70 Q’s and A’s

Event and Venue Management Exam 1 Fall 2023 Guide Arena / Coliseum indoor facility with fixed seats and permanent or portable stage (court) Theaters permanent stage, permanent seats, and a sloped floor Auditoriums permanent stage, permanent and portable seats, and flat floors Convention Centers exhibit and meeting space and large flat spaces Stadiums large facility either open or domed with seats and bleachers surrounding a field area Amphitheaters open air with stage, permanent se...

Venue Management Exam 1 Latest 2023 with complete solution