Print Page - The primary growth and development strategy of hotels during the 1960's was :

The primary growth and development strategy of hotels during the 1960's was

A) referral associations B) real estate investment trusts
C) franchising D) management contracts

What are the four P's?

A) Price, place, product, placement B) Promotion, placement, product, place
C) Product, price, placement, promotion D) Product, price, place, promotion

A business plan is normally required in order to obtain a loan from a commercial bank.

Indicate whether the statement is true or false

Entry barriers can be used by hospitality managers to create value via:

A) the asset structure
B) the capital structure
C) the capital structure and the asset structure
D) neither the capital structure nor the asset structure

A marker is:

A) a cage (window) cashier.
B) another name for pit clerk.
C) an action similar to an IOU.
D) a person who reports to the casino cage shift manager.

The AAA rating system for hotels uses ________ to classify properties.

A) stars B) apples C) rings D) diamonds

Typically the annual maintenance and utility costs will average 9 of revenue.

Indicate whether the statement is true or false

The manager of table games typically is directly responsible for the:

A) dealer (card games). B) pit manager.
C) shift manager. D) floor person.

New money spent by tourist and then re-spent by hotels and restaurants in the community for goods and services is known as

A) disposable income B) the multiplier effect
C) the ripple effect D) a tax exemption

Reducing the variability of operating cash flows:

A) increases the risk of the cash flows to the owners
B) does not effect the risk of the cash flows to the owners
C) decreases VoDIVt
D) decreases the risk of the cash flows to the owners

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Humanities Travel and Tourism Topic started by: SpacySmol on Feb 20, 2018