Revenue Management WorkShop 1 Module Name: Planning 2011-2012 WS Objective After attending workshop 1 you should be able to: Provide examples of market segments and sub segments; Explain the relation between segmentation and revenue management; Describe the role of price fencing within revenue management; Describe various terms & conditions used within revenue management; Explain the relation between price‚ purchase conditions & availability; Explain the factors that influence
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1.0 INTRODUCTION In almost all nations of the world today‚ taxes form the most important part of governments’ venue. The need for taxation the world over and particularly‚ the “Third World”‚ has become necessary; and will remain so with the increasing dependence of the citizenry on the central government for the provision of infrastructure and other necessaries of life. In Ghana‚ the central government provided and continues to make available such infrastructure as roads‚ portable water‚ rural and
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HISTORY OF EDUCATION IN NIGERIA COURSE OUTLINE 1. Concept and Rationale of History of education 2. A Brief History of Education in Ancient Greek and Roman Empire 3. African Indigenous System of Education/African Traditional Education 4. Islamic Education in Nigeria 5. Christian Missionary/Western Education in Nigeria 6. Nigerian Education Since 1960 THE CONCEPT OF EDUCATION There seems to be no universally accepted definition of the word ‘education’. But this is not peculiar with education
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NAME: NDUKA MARY C. COURSE: ENTREPRENEURSHIP MATRIC NO:126072034 History of Entrepreneurship in Nigeria Tradition is an inherited pattern of thought or action. It refers to a specific practice of long standing. It is also an established custom or tradition – a custom that for a long time has been an important feature of some cultural … group‚ tribe‚ ethnic group‚ society‚ nation etc. Traditional means: when a practice consists of a method or procedure and this is derived from tradition. This
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aware of at least the basics of financial plans which are revenue‚ cost and profit. These three things can make or break a company. Each of these things must be understood and considered before plans can be laid to create or better a company. Revenue is the amount a company receives (Marginal Revenue‚ 2009). If a company is in the business of sales‚ revenue is the amount of money the company receives per unit sold. Marginal revenue is the amount of money a company receives for the last unit
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in Nigeria Introduction Discussing capital gain tax without first presenting a general overview of the entire concept of taxation will be tantamount to putting a cart before a horse. It is therefore very important that justice be done by explaining taxation and various types of taxes. Taxation: A General overview Tax and taxation has been variously defined by different authors. Oyegbile (1996) defines tax as a sum of money paid by citizens of a country‚ state or community to the government for
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Cost and Revenue Curves J Bara ECO/533 Economics for Managerial Decision Making PA04MBA10 April 7‚ 2005 1. Total profit is the product of profit per unit and the quantity. To maximize profit‚ quantity is chosen at the point where marginal cost (MR) is equal to marginal revenue (MR) which is where the two graphs intersect. This is the ideal situation to a profit seeking company. Since price is greater than the Average Total Cost (ATC)‚ for each unit sold the profit per unit is simply the
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its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key producer of rice‚ cocoa and palm-oil in West Africa. (See Appendix 1).Nigeria belongs to a number of economic blocs
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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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Curves Assignment Help‚ Tutor Help Concepts of Revenue Total Average and Marginal Revenue The revenue of a firm jointly with its costs ascertains profits. Now let us discuss the concepts of revenue. The term revenue denotes to the receipts obtained by a firm from the scale of definite quantities of a commodity at various prices. The revenue concept relates to total revenue‚ average revenue and marginal revenue. 1. Total Revenue – It is the total sale proceeds of a firm by selling
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