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Question: In the hospitality industry, most organizations are service-oriented.
1. What is meant by automation with regard to the hospitality industry?
2. How do you foresee automation and technology positively contributing to higher service levels in place of labor?
3. What is meant by positioning strategy? In the foodservice and lodging segments of the hospitality industry, which brands have the clearest positioning strategy? Why?
There are three phases of strategic management. (a) Write a strategic plan for anychosen corporation with evaluation of the current status. (b) Write programs, budget, and procedures for strategic implementation for the same corporation.
Describe how the market economic system works to answer fundamental economic questions. Describe how this may differ from a command economic system.
Relationship between the Micro and Macro Levels of Economic Performance
Derive the two firms' best response functions. Verify that if firm A responds to qb by selling on both markets (i.e. qa>0 and qm>0) then marginal revenues are the same on both markets. Explain the intuition.
1. Nate (similar to Freddy, who was discussed in class) is trying to decide whether Kimayais a nice person. There is an equal chance that Kimaya is mean, average, or nice.Whenever a person meets Kimaya, she acts either pleasantly or unpleasantly. If ..
How much labor should the manager hire when the wage rate is $20? How much profit is earned? Is marginal product greater or less than average product at this level of labor usage? Why does it matter?
Distinguish between price ceilings and price floors. Identify and explain two advantages and two disadvantages of price ceilings and price floors
How does mixed bundling differ from pure bundling? Under what conditions is mixed bundling preferable to pure bundling? Why do many restaurants practice mixed bundling (by offering a complete dinner as well as an à la carte menu) instead of pure b..
A per unit tax on the unimproved value of land results in zero deadweight loss since the: a.supply of land is perfectly elastic b.supply of land is perfectly inealtic
you are considering auctioning a leonardo da vinci original sketch. you entice four bidders to come to your auction.
Discuss elasticity of demand as it pertains to elastic and discuss cross price elasticity as it pertains to substitute goods and complementary goods.
What recommendations do YOU have for marketing firms, so they can enhance their effective marketing strategies in the future?
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