Podcast
Questions and Answers
What is a common example of a fixed cost mentioned in the text?
What is a common example of a fixed cost mentioned in the text?
- Utilities (correct)
- Soap used by guests
- Laundry
- Part-time staff
What is the impact of having semi-fixed costs on the hotel's break-even point?
What is the impact of having semi-fixed costs on the hotel's break-even point?
- Decreases the break-even point
- Makes it impossible to calculate the break-even point
- Does not affect the break-even point
- Increases the break-even point (correct)
How does revenue above certain costs contribute to hotel profits according to the text?
How does revenue above certain costs contribute to hotel profits according to the text?
- It leads to losses
- It increases variable costs
- It decreases the break-even point
- It makes a significant contribution to profits (correct)
Why is marketing and sales promotion considered very important in the hotel business?
Why is marketing and sales promotion considered very important in the hotel business?
How has the hotel's break-even point changed over the years according to the text?
How has the hotel's break-even point changed over the years according to the text?
What characteristic of the hotel business is exemplified by the fact that unsold inventory becomes worthless after midnight?
What characteristic of the hotel business is exemplified by the fact that unsold inventory becomes worthless after midnight?
In what scenario would revenue be lost for a hotel with only 100 rooms available?
In what scenario would revenue be lost for a hotel with only 100 rooms available?
Why is it essential for hotels to adjust their operations for high-demand periods?
Why is it essential for hotels to adjust their operations for high-demand periods?
'Changing value of fixed location' in the hotel business refers to:
'Changing value of fixed location' in the hotel business refers to:
'Tomorrow, there is Formula 1 event in town, but I can only sell 100 rooms!' illustrates the challenge of:
'Tomorrow, there is Formula 1 event in town, but I can only sell 100 rooms!' illustrates the challenge of:
