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Ket [755]
4 years ago
6

The hospitality industry cannot quickly add a room to a lodge.​ Instead, lodge managers use yield​ management, which varies a pa

rameter directly under the managers control. Which parameter is changed under yield​ management?
Business
1 answer:
kiruha [24]4 years ago
3 0

Answer:

The answer is price per room

Explanation:

The parameter that changes under yield management is price per room.

Because when considering sales and operations planning for services and  perishable products such as airline seats, hotel rooms, the prices are regularly adjusted to maximize total profit.

You might be interested in
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

7 0
4 years ago
Starbucks discovered through marketing research that 30% of consumers buy over 90% of all coffee drinks. If Starbucks used this
ser-zykov [4K]

Answer: Objective and Specific

Explanation:

 According to the given scenario, the Starbucks is basically analyzing the market segments by using the proper marketing search process and it using the objective and the specific base of the segmentation for evaluating the each segments in the given data.

The main component of the segmentation is the objective that helps in reducing the overall risk in the decision process and also increase the overall efficiency of the product in the market.

 Therefore, Objective and Specific is the correct answer.

4 0
3 years ago
An increase in a levered firm’s tax rate will:
svet-max [94.6K]

Answer:

B, decrease the firm's cost of capital

Explanation:

When the tax rate of a levered firm is increased, there is a decrease in the firm's cost of capital because the value of a levered firm is the sum of the market value of the firm's debt and its equity.

An increased tax rate means it has a greater debt and as such the firm's capital after settling tax debt is very reduced.

I hope this helps. Cheers.

4 0
3 years ago
Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) t
DanielleElmas [232]

The correct answer to this open question is the following.

Give examples of operational conflicts that could occur in a cross-cultural context because of different attitudes towards:1) time, 2) individualism.

Well, let's start with time. In the United States, time is of the utmost importance. There we have the old saying: "Time is money."

In the workplace, everything is based on the smart and efficient use of time. No time must be wasted in the workplace.

Individual effort is important in the American culture, but the team effort, the concept of being a good team player is very important under the following premise: teams can accomplish more than individuals.

What most Americans desire is individual recognition through team effort.

That is why team sports are so good in the United States because they exemplify the way teams function and what they can accomplish. For instance, college and pro football, basketball, and baseball.

The region that has a different approach, is Latin America. This does not mean that is better than the other, just that there are major differences between the two.

The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.

And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.

5 0
3 years ago
When cash is received from a stockholder in exchange for common stock, the transaction is recorded by debiting Cash and creditin
MariettaO [177]

Answer:

Equity account

Explanation:

In the case when the cash is received in exchange of the common stock so here the cash is debited and credited the common stock i.e. equity account

The journal entry is

Cash Dr XXXXX

    To Common stock XXXXX

(Being exchange is recorded)

here cash is debited as it increased the assets and credited the common stock as it also increased the equity

5 0
3 years ago
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