Pros: Helps hotel to achieve 100% occupancy, Maximize expected venue, Long term revenue and profit increase, low risk method to increase profitability and Compensation are cheaper than leaving a room empty
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,
The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.
Adaptive or change-driven project life cycle is the project life cycle where project teams plan in short bursts (generally of one to four weeks)
<u>Explanation:
</u>
The incremental and innovative method of incorporating specifications throughout the design life cycle is agile project management. At the center of the plan, versatility, independence, and teamwork will demonstrate the main quality and behavior of confidence.
The Adaptive Model is also called Agile Methodology is usually used in this model project. Each installment adapts to the stakeholder's requirements.
When the entire range is difficult to define in advance, the adaptive project life cycle model is used. A functional version of the product is created for consumers in every version. This design is better if the time to market is shorter and consumers have to use the products. This model also allows where database adjustments are quite quick.
The monthly absorption rate of the single-family properties is 5.8
<h3>What is the monthly absorption rate?</h3>
The monthly absorption rate is a measure used in real estate to determine the rate at which houses are sold in a particular period of time. The absorption rate gives an insight to the rate at which houses are sold in a particular period of time.
Monthly absorption rate = number of houses sold / 12
(168 - 98) / 12 = 5.8
To learn more about absorption rate, please check: brainly.com/question/14347332
Answer:
A) (I) is true, (II) false.
Explanation:
Nonbank loans are loans handed out by nonbank financial institutions that do not take money deposits from clients (e.g. checking and savings accounts) like regular commercial banks or credit unions do. An example of nonbank loans are payday loans. Nonbank financial institutions offer a large variety of services besides loans, e.g. private education funding, retirement planning, trading in money markets, underwriting stocks and shares.
Answer:
Explanation:
to influence people's lives
to inspire people
to work independently without much interaction