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ddd [48]
3 years ago
8

Which department managers in a hotel would benefit from understanding a bit about financial management? What should they know? W

hen you are in a position of authority, how would you ensure these managers learned the things that you identified?
Business
1 answer:
dolphi86 [110]3 years ago
5 0

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.
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Paraplegic is set to manifest in an individual if the person has paralysis on both of his or her lower limbs and the cause of this is likely because of an injury or spinal disease. The life expectancy of a person who has this illness is not definite because early than 18 months, there is already death within individuals who has this disease. But base on researches, its life expectancy is 18 months.

3 0
3 years ago
Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?a. During an eco
kenny6666 [7]

Answer:

Statements "A" is true.

Explanation:

During a financial recession and a cynical domain, the yield spread between government securities and corporate securities could be higher than during great monetary occasions. This is because the grounds that during a recession, corporate securities would convey more hazard, (for example, higher default chance) than during great monetary occasions. To make up for this extra hazard, financial specialists would request more returns.

5 0
3 years ago
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

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7 0
3 years ago
You purchased a new smart-phone. The cost to you is $39.95 per month for 2 years. Warranty coverage is $12.99 per month. What is
Kobotan [32]

Answer:

The total cost of the phone is $1,270.56

Explanation:

The total cost of the phone is computed as:

Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years

where

Firstly, the cost of phone for 2 years is computed as:

Cost of phone =( For first year) Per month Cost × 12 months  +( For second year ) Per month Cost × 12 months

= $39.95 × 12 + $39.95 × 12

= $ 479.4 + $479.4

=$958.8

Then, the Cost of warranty coverage for 2 years is computed as:

Cost of warranty = ( For first year) Per month Cost × 12 months  +( For second year ) Per month Cost × 12 months

= $12.99 × 12 + $12.99 × 12

= 155.88 + $155.88

= $311.76

Therefore, the total cost would be:

Total cost = $958. 8 + $311.76

= $1,270.56

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3 years ago
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