what characteristic of the hospitality and tourism product is described in the following scenario: if an airline sells 150 of 200 seats on an airplane, the airline cannot inventory the seats until the next flight and sell 250 seats
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what characteristic of the hospitality and tourism product is described in the following scenario: if an airline sells 150 of 200 seats on an airplane, the airline cannot inventory the seats until the next flight and sell 250 seats
a. perishability
b. seasonality
c. standardization
d. inseparability
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Explain the equation quality +service =priceWHAT ARE THE USUAL ISSUES A WATER REFILLING STATION FACES AGAINST ITS COMPETITORS WHEN IT COMES TO THE FOLLOWNG: PRICE BENEFITS/FEATURES SIZE/PROFITABILITY MARKET STRATEGY
- Napp Landscape Services offers designing and building home landscaping services, and will manage and maintain the landscape to. Over time many of its clients have seen their landscapes grow and mature, and they have worked with Napp to further enhance their landscape to meet their dream outdoors space. Napp offers tangible and core product levels to its clients, and also offers services to meet what additional product levels? Responses 1. personalized and promised core product levels 2. aspirational and augmented product levels 3. augmented and promised product levelsreeway company introduces an improved version of an PC product in 2021; it is likely that the demand for the existing PC will decline because customers will buy the improved version. The decline in demand for the original product is not indicated by historical data. your opinion about the historical demand data will be: a. the historical demand is still useful in that it allows the firm to estimate the combined total demand for the two versions b. the historical demand is not useful. c. the historical demand is still useful in that it allows the firm to estimate the demand for the old version only d. the historical demand is still useful in that it allows the firm to estimate the demand for the new version onlyRound Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Room Rental Class Super Saver Deluxe Business $30 $30 Type I Type II Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 120 rentals in the Super Saver class, 55 in the Deluxe class, and 50 in the Business class. Round Tree has 90 Type I rooms and 120 Type II rooms. $25 $20 $40 (a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Rental Class…
- 1-Service variability meaning it's cannot be stored for later sale or use. Agree Disagree 2-The style is a larger concept than design. Agree Disagree 3-Undifferentiated marketing = Mass marketing. Agree DisagreeNorthwest corner method Minimum cost method Vogel method You can use one of themeFat(g) Item cost($) $0.25 $0.15 $0.10 $0.09 $0.03 $0.04 $0.02 $0.04 Item Sodium(mg) Calories Beef Ratty.m 50 17 220 260 330 310 Bun Cheese 70 Onions 1 10 Pickles 260 5 wer Lettuce 3 4 Ketchup 160 20 Tomato 3 As the owner of a fastfoad restaurant with declining sales, your customers are looking for something new and exciting on the menu. Your market research indicates that they want a burger that is loaded with everything as long as it meets certain health requirements. Money is no object to them. The ingredient list in the table shows what is available to include on the burger. You must include at least one of each item and no more than five of each item. You must use whole items (for example, no half servings of cheese). The final burger must contain less than 3000 mg of sodium, less than 150 grams of fat, and less than 3000 calories. To maintain certain taste quality standards you'll need to keep the servings of ketchup and lettuce the same. Also, you'll need to keep the servings of…
- Present a well labelled graphical illustration of this model (Boston Box) for DESPITE Group of Companies.d. Which of the following has the highest Purchasing Power Risk and why? 1. A store building Rented for 30 years at Fixed Rent 2. An office building Rented for 15 years at Fixed Rent 3. A Hotel with constant adjustment of overnight pricesManufacturers producing highly customized products would most likely use a(n): a. backflush costing system b. hybrid costing system c. process costing system d. job-costing system