QUESTION 1 As a general rule, most of the large hotel chains own: Approximately 30% of the hotels they operate or franchise Approximately 50% of the hotels they operate or franchise ? Approximately 75% of the hotels they operate or franchise Approximately 5% of the hotels they operate or franchise 1 points Save Answer QUESTION 2 When the process of implementing differential prices includes analysis such as "fixed costs", "initial investment" and "desired ROI%", which one of the following points of view is being considered? ? Accounting point of view O Sales and Marketing point of view O Revenue Management point of view O Consumer's point of view QUESTION 3 Available rooms:250, occ% 90%, ADR $118, expenses are 40% of revenue) which is this hotel's profit? $15,930 $13,500 $17,860 O $21,200 1 points Save Answer QUESTION 5 When a Revenue Manager is holding or releasing inventory based on demand, he/she is: Establishing a sales process O Managing inventory Managing food cost O Forecasting demand 1 points Save Answer QUESTION 6 Which of the following set of rooms is "confirmed" in a hotel? Blocked Rooms Reserved Rooms Cancelled Rooms Rooms Out of Order 1 points Save Answer QUESTION 7 Price is the amount of money expected, required, or given in payment for something True False S? 1 points Save Answer QUESTION 8 The cost of production and distribution directly affects the price of a product: True False QUESTIONS Which one of the following is the "Revenue" formula? ? O Cost of rooms sold x unit price Revenue from rooms sold / available rooms Number of units sold x unit price Revenue from rooms sold / number of rooms sold 1 points Save Answer QUESTION 10 Buyers set the price of an item in their mind mostly by analyzing: O The competition in the market The location where the item is being sold O The quality of the item based on buyers' perception O The overall level of value that buyer assign to the item 1 points Save