! Consider the global hotel market.A. Describe and explain the role of sunkcosts, economies of scale, and economiesof scope as drivingforces behind the development of a hotelchain.B. Explain the trade-off for managerialdecisions when considering servicestandardization and the roleof service standardization on marketsegmentation (i.e. hotels with differentlevels of servicestandardization). Use diagrams to supportyour arguments.

Managerial Principles Standards of the management are common principles, which can be utilized for…

Answered: Consider the global hotel market. A.…

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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1. You work for a luxury car dealership with multiple showrooms as a sales trainer. You're training a group of new showroom salespeople, and you've devised the following scenarios for them to consider. (a) A young couple with a small child has just entered the store searching for a new vehicle. Give three examples of 'Sales Strategies' that salespeople could employ. 15 (b) A man enters the showroom to buy his wife a car for her 50th birthday. Identify at least three verbal and non-verbal buying signals that salespeople should be aware of when making a car purchase. [Note: Verbal buying signals indicate the prospect has made an emotional shift and has already imagined owning, using, or operating the service or product you are selling. AND nonverbal buying signals include smiling, changes in posture, and rubbing chins or noses, which indicates rational thinking] 2.You work for an office furniture company and are an award-winning senior sales representative. Develop a blog post for the…
1.1 Create Modelling methods, Experiments and examples for IT in Family Owned Businesses: The study will be conducted using qualitative in accordance with the ethical principles of research, including informed consent, confidentiality, and voluntary participation. Participants will be informed about the study's purpose and procedures, and they will be given the opportunity to decline or withdraw from the study at any time. Confidentiality will be ensured by using anonymous questionnaires and protecting the identities of the participants in the report.
5) We offered 50% of our drivers monetary bonuses to increase their activity. Compare the results with the control group and explain if the campaign was successful and should we do it again or not. Condition: Stay online 30 hours and accept 75% of rides. Get 70€ bonus. Control Group Online hours Offline hours Bookings received Bookings successfully completed Bonus Group Online hours Offline hours Bookings received Bookings successfully completed Write here your answer about the results of the campaign Driver 1 15 35 15 13 Driver 55 33 19 29 25 Driver 2 29 21 30 Driver 56 5 55 6 6 Driver 3 17 23 12 10 Driver 57 32 8 19 16 Driver 4 31 19 31 26 Driver 58 32 18 29 26 Driver 5 36 24 44 24 Driver 59 38 22 20 17 Driver 6 14 26 10 12 Driver 60 17 23 10 9 Driver 7 5 40 5 4 Driver 61 4 46 3 3 Driver…
9. Middle managers are the smallest group of managers in organizations who are primarily responsible for implementing the policies and plans of middle line managers. (True/ False)
1. contribution to the firm
Can you think of a strategy that could have increased Burgmaster’s chance of survival? Explain why you think that strategy would have been
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108- A business can be influenced by: a. Industry effects b. Corporate effects c. Both a and b d. Neither a nor b
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11.Following are the objective of OSH Committee EXCEPTA. To enhance interest and motivation of all groups of management and workers at workplace.B.To foster cooperation and consultation between management and workers in hazard management andcontrol risk.C. An effective channel for communication to exchange ideas to solve OSH problems.D.To give training and certificate to private agencies pertaining to management and technical aspects ofoccupational safety and health. 12.Which is FALSE for interpretation of "employee" as in Occupational Safety & Health Act(OSHA) 1994. A.Services are temporarily lent or let on hire to the principal employer by the person withwhom the person whose services are to lent.B.Employees employed by or through him, means a person who has undertaken theexecution at the place of work.C.Person who is employed for wages under a contract of service on or in connection with thework of an industry.D.Directly employed by the principal employer on any work of, or…
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6.When negotiating. the tendency is to want to win! Give two reasons why this is not a good approach when managing contracted relationships.

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