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Hotel California is a luxury hotel which has just got a new manager, Rocky. Given its location and quality, the hotel always had enough people making advance reservations to fill up all the rooms available. The hotel charges $200 per room per night for reservations made in advance. Rocky had heard about revenue management in one of the seminars and decided to implement some of those techniques in his current job. He implemented a policy of keeping some rooms free for last-minute requests and charges these requests $300 per room per night. Currently, the hotel keeps 3 rooms free to accommodate last minute requests.
After a month of implementing this policy, the hotel management reviewed their records and found the following.
What is the underage cost for keeping one room available for last-minute requests?
Discuss the general concept of insurance and its general principles.
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Which of the following statements characterizes internship training?
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The chapter opener discusses the series of problems Nike has had with some of its endorsers because of controversies that have arisen in their personal lives. Discuss how the problems surrounding these endorsers might impact the image and reputation ..
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