These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.
The busiest place in india so her bussiness can go all the way up in stock and in growth of money and development
Answer: Option C
Explanation:
The human resource of any company is the most valuable resource as the use of all other resources are dependent on it.
In the given case, the company have acquired a lot of assets over the years, that means the company do not lack in technology and physical resources like machinery etc.
Now the company can gain a competitive advantage by using the expertise of their employees in usage of the assets acquired.
Hence from the above we can conclude that the correct option is C .
Answer:
A). to track monthly changes in prices paid by urban consumers.
Explanation:
CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;
where,
= current Consumer Price Index
= Current price basket
= Cost of price basket in the base year
It assists in deducing whether the average prices have received a fall or rise and determines inflation or deflation. Thus, <u>option A</u> is the correct answer.
