WorksheetsFINAL BATTLE!
Total questions: 10
Worksheet time: 9mins
We must use a mix of _________ and ________ pricing methods.
(a)
How does the sales revenue mix impact menu pricing and profitability?
It determines the variety of items offered on the menu.
It influences the average check and net income.
It affects the market value of menu items.
It determines the pricing strategy for competitors.
Plowhorses have ___ contribution margin and ___ popularity.
low contribution margin, low popularity
high contribution margin, low popularity
low contribution margin, high popularity
high contribution margin, high popularity
Which market segment is more price sensitive?
Business transient market segment
Leisure transient market segment
Group market segment
Contract market segment
What does Yield Management reports help to determine?
Whether the best selling strategy was used to maximise the total room revenue
Whether the right distribution channel and market segment was chosen.
Whether booking pace of this year’s reservations is ahead/behind the historical average pace for a particular DOA.
Whether the pace of current year's reservation is behind the historical pace
Which of the following is a business condition for revenue management?
Unpredictability in business
Imperishable products/services
Low demand from customers
Fixed amount of resources
Another method of menu analysis is known as?
Menu reviewing
Menu computering
Menu objective
Menu engineering
In the hotel industry, which rate is typically charged when a hotel room is occupied by a single guest?
Solo Rate
Single Rate
Standard Rate
Double Rate
Large Change in demand resulting from a (a) in prices is referred to as elastic demand.
In a restaurant with 80 seats open for dinner and late-night service 7 days a week (365 days per year), the records indicate that 40% of the total revenue comes from dinner. For late-night service, seat turnover is 1.2 times. To calculate the average check per meal period, we will utilize the estimated total sales revenue of $650,720. We will then adjust the equation to determine the average check per meal period instead of the overall average check. What is the verified average check per meal period for late night service?
390345.6
399453.7
350322
388944
