What determines successful competition in the hospitality industry once the segment is chosen?
a. Analysis of environment B. Total array of competitive methods that the firm invests in C. Resource allocation
D. None of the above
Companies must stop thinking about the past and start competing for the future.
Indicate whether the statement is true or false
Casinos in the pleasure market include those located in all but which of the following cities:
a. Atlantic City
b. Salt Lake City
c. Tunica
d. Las Vegas
e. Foxwoods
What is the mission statement?
What will be an ideal response?
Casinos on many Indian reservations and in casino towns in the Midwest:
a. are only accessible by bus or automobile
b. were legalized by Indian Gaming Regulatory Act
c. provide the area with multiple attractions
d. spur the development of convenient transportation
e. maximize the economic potential
The difference between book and market value is usually treated as goodwill on the balance sheet and most often results from mergers, acquisitions or buyouts.
Indicate whether the statement is true or false
Successful CMs often are those that are difficult for competitors to imitate.
Indicate whether the statement is true or false
How should the performance of each competitive method be evaluated?
What will be an ideal response?
Casino gaming has rapidly spread throughout the country due to two significant developments:
a. the Indian Gaming Regulatory Act of 1988
b. the Native American Reservations Act of 1988
c. the legalization of modern riverboat gambling in 1989
d. a and b only
e. a and c only
What are the requirements when a firm sets up its objectives?
What will be an ideal response?
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