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.
Answer:
Exporting.
Explanation:
Exporting is the process where goods and sert are produced on one country and sold to buyers in another country. Usually contries produce goods they in which they incur low cost compared to other countries for export.
Home of households produces smaller washers and dryers for countries where consumers have less living space. So they are exporting.
Answer:
c. Performance management
Explanation:
Performance management is one of the seven subsystems that make up a Human Resources Administrative System, through the search to identify, recognize and promote the report of all civil servants to institutional objectives and goals. It allows to show all the training needs that are required to improve performance according to the position they occupy.
It is carried out through an annual cycle, which must be comprehensive, continuous and systematic, and it is also initiated through the approval of an institutional operational plan.
In the early 1990's, Ireland was a poor country. There was a high case of poverty, unemployment, and inflation. Free education was offered in the mid 1990s which produced entrepreneurs. The economic policies of the Irish Government in the late 1990s resulted in the rapid growth of the economy.
