The lodging industry

Assignment Help Microeconomics
Reference no: EM13498448

1. When guest and employee meet "eyeball to eyeball", there's an opportunity for service to shine through. That opportunity has been called a:
a. Quality circle
b. Who-knows-why?
c. Quality guarantees
d. Moment of truth
e. None of the above

2. The lodging industry:
a. Has a highly perishable product
b. Experiences low turnover of employees
c. Pays exceptionally high salaries
d. Is treated unfairly under income tax laws
e. Both b an c

3. Boutique Hotels:
a. By definition, are "small hotels"
b. Have not yet attracted the attention of the chain
c. Operate with a higher RevPar than commercial hotels
d. Are almost always grande dames
e. Both c and d

Reference no: EM13498448

Questions Cloud

Evaluate the mass percent and molality of nacl : The solubility iof sodium chloride in water is 35.9 g NaCl/100 g of water at 25 degrees celsius. Calculate the mass percent and molality of NaCl in a saturated solution.
Estimate the current in the motor : A 120-V motor has mechanical power output of 2.50 hp. It is 90% efficient in converting power that it takes in by electrical transmission into mechanical power. Find the current in the motor
What is the per worker production function : What is the per worker production function?
Determine how far should the mirror be from the wall : A luminous object is 3.40m from a wall. You are to use a concave mirror to project an image of the object on the wall, How far should the mirror be from the wall
The lodging industry : The lodging industry
At what angle does the ray leave the glass : A rectangular block of glass (n = 1.52) surrounded by a liquid with n = 1.70. At what angle does the ray leave the glass at point B
Identify a relevant general balance-related : Identify a relevant general balance-related and a transaction-related audit objective based on the finding from the risk factors in part b).
Increase in government spending : Increase in government spending
Determine which lance hits the other person first : You are standing at rest with respect to the earth holding a lance which you measure as 10 meters long and a knight traveling on horseback at .7c is holding a lance which he measures as 10 meters long. Which lance hits the other person first

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd