The flexible strategy is used to avoid the delay in assessing the external constraints.
The following information regarding accessing external constraints:
- It could be thrust upon an organization.
- It permits for uncovering the things that are beyond the control.
- The example involved national holidays or sick leaves.
If we accessing the external constraints so the delay could be avoided.
So, The other options seem incorrect
Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.
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True.
A labor shortage is not enough qualified candidates available to fill jobs. One way to deal with that is to hang on to the qualified people you already have by making them happier so they won't leave.
The AAA payed farmers to reduce their production in order to raise prices.
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.
When a business's strategies and technology are able to become entangled, this is called <u>Technology integration. </u>
<h3>What is technology integration?</h3>
- Refers to the process of aligning a business's strategies with its available technology.
- This allows for increased efficiency to achieve organizational goals.
When Spyder Corporation's technology was entangled with its business strategies, this allowed for technology integration that will contribute to the success of their business.
Find out more on benefits of technology at brainly.com/question/1162014.