4 Which one of the following would be in theOpportunitiesportion of SWOT analysis?Competitors offering more options.Limited menu options.Untapped international markets.Healthy menu options. Which of the following defines strategicissue.The main framework used for problemresolutionThe primary short-term goal to be achievedThe primary framework for strategydevelopmentThe primary matter faced for survivalWhich of the following best describesstrategic issues?Are determined easily.Stay the same.Rely on a few of the same variables.Change over time.Item at position 33

SWOT analysis is useful for many business processes and is used in most organizations. Vital…

Answered: Which one of the following would be in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q1. As a result of Covid 19, your management has decided that some key yield management analytics be manipulated in order to ensure cashflow for the hotel to survival the turbulence. As a result, you have been asked by management to look into how you can manage at least 50% occupancy for the first quarter, then an increment of 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. The total rooms available in your hotel is 920, and management expect a base revenue of GHS85,000.00. The base revenue of GHS85,000.00 is expected to increase by 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. 1. Identify the two most important yield management analytics (measures) that must be considered, offering explanations to what they are in hotel management. 2. Apply the formulas of these two measures to provide the actual figures that you expect to operate with, indicating the step-by-step stages of your calculations for clarity to…
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