Department managers in a hotel would benefit from understanding a bit about financial management in the following way
Explanation:
- Teamwork: Almost every job within the hospitality industry involves teamwork. ...
- Multi-tasking: No day is the same within the hospitality industry. ...
- Flexibility: ...
- Attention to Detail: ...
- Industry Awareness: ...
- Time Management: ...
- Communication: ...
- Interpersonal Skills:
Financial management includes
- Financial management requires forecasting various elements such as demand, inventory availability, market share, and total market.
- Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results.
- Revenue Management is the application of analytics that predicts consumer behaviour at the micro-market level to optimise product availability and price to maximise revenue growth. The primary aim of a revenue management strategy is selling the right product to the right customer at the right time for the right price.
The correct answer is loss of control. Loss of control is
being referred to as the lack of being able to provide the conscious
limitations of behaviors and as well as impulses that is a result of an overwhelming
emotion such as having to have no control with emotions of which can be
characterized as having to fight or uncontrollable weeping.
Answer:
Decline stage
Explanation:
The decline stage of the product life cycle is the terminal stage where sales drop and production is ultimately halted. Profitability will fall, eventually to the point where it is no longer profitable to produce, and production will stop.
During decline, sales growth becomes negative, profits decline, competition remains high, and the product ultimately reaches its ‘death’.
Hence, this stage of the product life cycle ultimately tend to consume a disproportionate share of management and financial resources relative to their future worth as the next stage is the death of the product.
The cat is a good life story but it was a lot better and more fun than that I think I was kind
Answer:
D
Explanation:
to initiate something means to start it. By Initiating a conflict you are starting a series of problems and events.