proprietary Person In-Charge (PIC) program‚ which we introduced in 2010. The responsibility is not only with the PIC but also with other food handlers in the establishments‚ their owners‚ regulators and also the consumers. In other words‚ it must be stressed that food safety is a shared responsibility involving all the residents of the Emirate. Through the Food Code‚ we are now building on the foundations laid by the PIC and other regulatory programs‚ which arm them with the necessary knowledge about
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Define franchising in hospitality. What are the trend and benefit of such grouping Franchising as a concept can be characterized as one that has been subject to a wide range Of definitions resulting in a great deal of confusion. Franchising can almost be viewed as a stream of literature in its own right. http://hotelmarketing.com/index.php/content/article/top_10_hospitality_industry_trends_for_2012 The upcoming year is projected to be a better and brighter one for the hospitality industry‚ but what
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Revenue Recognition Policy (Note 2): A. Sale of goods Revenue Recognition According to the annual report ’s financial statement notes‚ CV Technologies (CVT) recognizes revenue when the title of goods is passed on to the customer‚ and when reasonable assurance exists regarding the measurement and collection of the consideration given. This means that once CVT ships its goods to their reliable customers‚ they will account for those goods as sold‚ and recognize the contract amount as revenue. This
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playing a vital role in McDonald’s plans to attract more customers into its fast food restaurants as well as savings on cost‚ operational efficiency and extensive advertisement. Technology increases a company’s ability to forecast sales and determine which products have high consumer demand (Ganly‚ 2010). Personal computers‚ wireless devices and the internet have McDonald’s plugged into mainstream technology. McDonald’s innovative planning introduced Wi-Fi hotspots‚ internet terminals‚ and web-based
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Globalization of the Hospitality Industry Jennifer Bratton University of Phoenix Globalization of the Hospitality Industry Introduction The hospitality industry strives from consumers wanting to get away from everyday stresses. These consumers want to relax and enjoy time away from everyday life. When a person is traveling they need a place to stay‚ a place to eat‚ somewhere to visit‚ and someone to make the arrangements for the travel. Hospitality is known for servicing the guests and making
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THE BASICS OF REVENUE MANAGEMENT IDeaS © 2005 Integrated Decisions and Systems‚ Inc. ID-MK-100102-v1-YMBasic The Basics of Revenue Management by IDeaS TABLE OF CONTENTS TABLE OF CONTENTS ..................................................................................................................2 WHAT IS REVENUE MANAGEMENT? ........................................................................................4 When Is Its Use Appropriate? ......................................
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and this in turn is beginning to blend many cultures together. Developing countries are expanding their role in the tourism industry as countries are discovering that this is one of the quickest ways to earn revenue. Tourism blends many countries together in the service sector. The hospitality industry relies heavily on tourism and is the driving force behind sectors such as food and beverage as well as the hotel industry. It is imperative that all of these industries work in a cohesive fashion because
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QUESTION 3 Does Intellectual Property theft undermine the workings of the free market system? Yes‚ we look first what is Intellectual Property Right (IPR). World Trade Organization (WTO) said IPR are the right given to person over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. Then Free Market is a summary term for an array of exchange that takes place in society. Each exchange is a voluntary agreement
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Finance in Hospitality Management Course: HND in Hospitality Management Module Tutor: Student: 1.1 What are the main sources of finance to a business? Classify them according to short-term and long-term categories
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Work Ethics Generation By Generation A Pakistani generation is defined by the common attitudes‚ experiences and preferences that develop in the context of social and economic events of a defined period of time. Generations typically are associated with birth year ranges. Generational commonalities transcend cultural and gender differences. The social and economic influences that create popular culture are experienced by all within a generation‚ even though culture and gender play a role in how the
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