Why is the profit margin for banquets often greater than the profit margin for a hotels restaurant?

Question:

Why is the profit margin for banquets often greater than the profit margin for a hotel’s restaurant?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Hospitality Sales And Marketing

ISBN: 9780866123259

5th Edition

Authors: James R Abbey

See More Books

Question Posted: Jun 16, 2024 03:18 AM

See More Questions

**Please see the snap photo below for further instructions. thank you and be safe** 1. Read the Electrolux and GE Appliance". 3. Answer the following questions. ___-____-- \L _ ' Case Questions You...
Please see the snap photo below for further instructions. thank you 1. Read the Electrolux and GE Applianceh 2. \"the Excel spreadsheet template prov1 e posted N 3 Answer the following questions....
PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...
The fraud examiner's report should have what characteristics? a. Accuracy and clarity b. Relevant and material information c. Should not contain opinions or prejudices of fraud examiner. d. All of...
An investors portfolio increased in value from $35,645 to $54,230 over a six-year period. At the same time, the Consumer Price Index rose by 26.5%. What was the portfolios annually com- pounded real...
What are the main criticisms of grounded theory?
If x is a binomial random variable, use Table I in Appendix B or technology to find the following probabilities: LO9 a. P1x = 92 for n = 24, p = .7 b. P1x 52 for n = 15, p = .5 c. P1x = 22 for n =...
Installment Sales Analysis Complete the followingtable. 2010 2011 2012 Installment sales Cost of installment sales Gross profit Gross profit percentage Cash collections $50,000 $80,000 7) 91.800...
Fulbright Corporation uses the periodic inventory system, Duting its first year of operations, Fulbright made the following purchases fisted in chronological order of acquisition): - 41 units at $108...
What are two basic responsibilities of most catering departments?
What types of limited-service operations are being used by hotels as alternatives to traditional dining and room service?
Pop Corporation paid $1,800,000 for 90,000 shares of Son Company's 100,000 outstanding shares on January 1, 2016, when Son's equity consisted of $1,000,000 of $10 par common stock and $500,000...
A displacement of 32 cm east is followed by displacements of 48 cm east and then 64cm west. What is the total displacement? At 3:00 p.m. a car is located 20 km south of its starting point. One hour...
Consider the following Demand curve for Uber Rides: Q = = 120 - 4p Suppose that the Supply Curve is perfectly elastic at a price of $20 per unit. 11. Draw both the Supply and Demand functions with Q...
You've decided to build a radio to listen to your favourite FM radio station, which broadcasts at 101.5 MHz. For the tuner, you'll be using an RLC circuit, but the only inductor you happen to have on...
You are the lead buyer for a large healthcare organization in British Columbia and have been tasked with leading the procurement of a new CAT Scan Machine. Outline four steps to prepare and call a...
A circuit is composed of a coil having N turns and area A. Its leads are connected to a combination of resistors, as shown in (Figure 1). All three resistors have the same resistance R. The coil is...
Multinationals generally have production plants in a number of countries. Consequently, they can move production from expensive locations to cheaper ones in response to various economic developmentsa...
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
. Emerson Cammack wishes to purchase an annuity contract that will pay him $7,000 a year for the rest of his life. The Philo Life Insurance Company figures that his life expectancy is 20 years, based...
Integrity Inc. can sell 20-year, $1,000 par value bonds paying semi-annual interests with a 10% coupon. The bonds can be sold for $1,050 each; flotation cost of $50 per bond will be incurred in this...
Duncan Inc. issued 500, $1,200, 8%, 25 year bonds on January 1, 2020, at 102. Interest is payable on January 1. Duncan uses straight-line amortization for bond discounts or premiums. INSTRUCTIONS:...

Why is the profit margin for banquets often greater than the profit margin for a hotels restaurant?

Question:

Step by Step Answer:

Hospitality Sales And Marketing

Students also viewed these Business questions