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Final RM Assignment 1. In at least five (5) sentences, explain a) what revenue management is and 2) why it is important to the hospitality

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Final RM Assignment 1. In at least five (5) sentences, explain a) what revenue management is and 2) why it is important to the hospitality industry? 2. What are the four (4) main components (elements/pieces) for a basic revenue management model? (4 Marks) 3. Explain what is not revenue management and why? (3 Marks). This assignment is worth five (5) marks towards your final course grade. This assignment is due on Wednesday, November 9,2022 at 6:00pm (Toronto Time)

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