Describe competitor analysis than benchmarking

Assignment Help Operation Management

Reference no: EM132128501

1. Select the five features from the list below that are more appropriate to describe competitor analysis than benchmarking:

a) Promotes emulating of competitor performance

b) Aims at continuous improvement

c) Uses partnering to share information

d) Implies adaptation of best practice to customer needs

e) Focus on performance measures

f) Focus on best practice

g) Shorter-term view

h) Required to maintain competitive edge

i) Can be interpreted as corporate espionage

j) Driven by data - not necessarily strategic

2. How many comp sets can a hotel have?

a) One

b) Four

c) No limit

d) Main + two others

3. STR’s 50-50-70 Rule is applied to:

a) Choosing a main comp set

b) Categorizing hotels by ADR

c) Estimating the room supply of a market

d) Choosing multiple comp sets

4. Using one of the options below, complete this sentence about the types of benchmark data that participating hotels provide to STR.

“Participating hotels provide monthly and daily Rooms department sales data, as well as the _______ and of rooms sold, and related revenue.”

a) Number of restaurant covers

b) Number of rooms available

c) Number of employees

5. Which one of the following is a non-geographic category shown in a STAR Report?

a) Location

b) Type

c) Market

d) Class

Reference no: EM132128501

Questions Cloud

Recursive greatest common divisor : The greatest common divisor of integers x and y is the largest integer that evenly divides both x and y. what is a recursive function

What is the cutoff for a test with probability of error : With a sample of 10 draws from the distribution, what is the cutoff for a test with probability of Type I error of at most .01?

This group wield in negotiating managed care contract : What sources of power does this group wield in negotiating a managed care contract?

Investigate system backup and restore tools : Create a known good backup that contains a complete, verified and approved system configuration that includes the operating system and all required application

Describe competitor analysis than benchmarking : Select the five features from the list below that are more appropriate to describe competitor analysis than benchmarking:

What are some advantages of artificial intelligence : What are some advantages of artificial intelligence? In your responses to others, discuss some of the disadvantages of AI.

What is the probability that you would see a sample mean : Suppose you somehow knew that the true mean per-student expenditure was $215. What (approximately) is the probability that you would see a sample mean.

Gatekeeper or voip server in a voip deployed network : Discuss the importance, functionality, and role of a GateKeeper or VoIP server in a VoIP -deployed network?

How many tankfuls must you sample in a future test : After you turn in your report, you regret not having been able to make more confident statements about the validity of the manufacturer's claim.

User Account

All Pages