Ethical Aspects of Revenue Management Revenue management is quiet new department in hotels. The main goal of this department is to divide inventory and set the right price for the right room at the right time. It is all about increasing sales and revenue‚ and for some people everything related to the cash flow is unethical. But what is the right price? For what target it is working? Is it ethical or no? This questions would be discussed in the following paper. But first of all lets define so
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Accounting Standards Board (FASB) have undertaken a joint revenue recognition project that clarifies the principles for recognizing revenue that can be applied consistently across various transactions‚ industries‚ and capital markets. This project will apply to all contracts with customers except leases‚ financial instruments and insurance contracts. The joint project will attempt to remove inconsistencies and weaknesses in existing revenue recognition standards by retrofitting‚ and thoroughly improving
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Revenue Management of Gondolas: Maintaining the Balance between Tradition and Revenue In this case the service is basically based on transportation of people through a gondola with gondoliers. In the past‚ it was used for only transportation; however‚ nowadays it is used for tourism activities as well. Almost all tourists who come to Venice‚ their main purpose is taking a tour with the gondolas. During Carnivals and Christmas‚ and also in summers the demand is at the highest level. People generally
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Jebsen & Jessen Group of Companies South East Asia Corporate Profile 17 June 2011 / Jebsen & Jessen Group of Companies South East Asia / 1 Content 1 2 About Us Our Regional Businesses 3 4 Statistical Profile How We Do Business 17 June 2011 / Jebsen & Jessen Group of Companies South East Asia/ 2 1 2 3 4 About Us Our Regional Businesses Statistical Profile How We Do Business 17 June 2011 / Jebsen & Jessen Group of Companies South East Asia/ 3 Historical Background
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Recent activities of secret fraternities in Edo and Anambra States of Nigeria have once again brought to focus the impact of the activities of the nefarious groups on the polity. Not too long ago‚ two prominent movie stars were brutally assassinated in Edo State in what was alleged as a frat-related offensive‚ which culminated in the death of about twenty individuals. Most recently inhabitants of Anambra state were terrorised by frat men‚ who held the state capital hostage in a brutal frat war between
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government‚ Nigeria and Iran have two separate ways of intertwining the two in their states. Nigeria is known for its strong military presence within the government. The degree of militarism in Nigeria is high because of their past history being under civilian rule. During the first forty years of Nigeria’s independence‚ this state only lasted ten years under a civilian government. A few years after the downfall of their civilian government‚ they soon fell under military rule. Nigeria has always
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Organizational Effectiveness “Researchers analyzing what CEOs and managers do have pointed to control‚ innovation‚ and efficiency as the three most important processes managers use to assess and measure how effective they‚ and their organizations‚ are at creating value (L. Galambos‚ 1988)”. Control is essential over the external and internal environment by knowing what the demand for a business is. A tool to help make these decisions with control is to conduct a trend analysis. An analysis will
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THE EFFECTIVENESS AND PURPOSE OF FACEBOOK AMONG PROFESSIONAL ACCOUNT OWNERS Chapter 1 Introduction As a new generation‚ most of us use high end technologies to make our work easier and faster. There are a lot of technologies now a day. And it help us in means of communication/business activities‚ computer is one of this. Computer is one of an example of high end technologies where‚ not only professionals can use it but also teenagers. Yes‚ there is a website where we can use easily to
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Philippines Polytechnic University of the Philippines College of Business Administration Department of Marketing Management Sta. Mesa‚ Manila Dear Respondents‚ We‚ a group of students of College of Business‚ are conducting a research on “THE EFFECTIVENESS OF SULIT.COM IN DRIVING THE MARKETING STUDENTS TO SHOP ONLINE.” In this regard‚ we would like to ask your help‚ by answering our questions. Thank you very much for your cooperation. Name/Optional: Gender: [ ] Female [ ] Male Age:
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In order to effectively evaluate the effectiveness of involving only retail travel agencies instead of a combination of travel agencies and tour operators‚ one must first examine what constitutes a tour operator and a travel agency: Tour operators are businesses that specialize in manufacturing and selling holiday travel packages for large groups. Due to the fact that tour operators operate by booking hotel rooms and creating packages in advance of the consumption date‚ they cannot cater to the
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