submission) + 5% (Part B as individual submission)
The Covid19 has brought in many changes within the hospitality and tourism industry. Many
of the long-term and short-term plans have been impacted and it has challenged sales and
marketing teams to reimagine their processes in order to successfully continue their
operations.
In the context of reopening and the ease of restrictions, answer all the questions
based on the following scenario:
Fairmont Royal York Hotel is the historic landmark hotel in Toronto. It considers as
the gateway to essential Toronto experience for travellers with its unique location.
The hotel offers unparalleled luxury experience by revitalizing more Luxury and
Signature Rooms. Business travellers and leisure travellers are the two major market
segments for hotel's revenue generation.
Part A (Group work 10% of final grade)
a) WHAT "strategic factors" and "environmental factors" should be considered to
maximize revenue from these segments effectively? WHY do you think these factors
are important? Select at least a total of FIVE factors to explain in detail.
b) HOW would you perform account analysis for both the new and existing clients?
Explain in detail and give example.
c) WHAT methods can be used to prospect new clients? List IHREE methods and
discuss at least ONE Pro and ONE Con of each method identified in detail.
d) WHAT method would you use to follow-up with your clients? WHY did you select this
method? HOW often would you follow-up? Explain in detail.
) EXPLAIN IHREE ways you can ensure that you will be on top of clients' complaints.
Part B - Brief Self-reflection (Individual work 5% of final grade)
a) How do you think you did in this group project? In terms of engagement level in
collaborating with other members, problem-solving (if any) and/or time management,
etc. Give examples to support your claim.
b)
What could be done better to make collaboration more effective as a group member?
(It's about your personal action, not to comment or expect actions from others)

Answer:

meh

Explanation:

it's okay. I kind of don't like how they stayed from the book but all the scenes were shot beautifully, and the actors did great. I only watched a few so I cant give more than a "meh" but I do like what I'm seeing so far

The best course of action for the real estate company is to open offices in neighborhoods with higher market penetration and lower commercial real estate costs, hire up to 3 employees, and set commission rates to achieve maximum net present value of profit over the next 8 quarters while staying within the monthly operating budget of $15,000.

To optimize net present value of profit, the real estate company should analyze market penetration, commission rates, and real estate costs in each neighborhood to determine which locations will yield the highest profit.

The company should also hire up to 3 employees to increase market penetration while staying within the operating budget. The commission rate should be set to maximize profit while also taking into account the relationship between commission rates and market penetration.

The company should aim to rent office space in neighborhoods with low commercial real estate costs and high market penetration, and adjust the office space size to meet the minimum requirements while minimizing costs.

Finally, the company should regularly monitor and adjust its strategy to adapt to changing market conditions.

For more questions like Company click the link below:

https://brainly.com/question/30532251

#SPJ11

Raw material inventory will enter the production process and become work-in-progress (WIP) inventory. Once complete, the goods will become finished goods inventory.

Raw material inventory refers to the stock of materials and components that a company holds before they are used in the production process. These materials include items such as wood, metal, plastic, or any other inputs required to manufacture a product. When these raw materials are introduced into the production process, they become work-in-progress (WIP) inventory.

Work-in-progress inventory represents partially completed products that are still in the production process. It includes the cost of direct materials, direct labor, and factory overhead incurred to convert raw materials into finished goods. This stage reflects the value of materials and labor invested in the production process but does not yet represent a fully completed product.

Finally, when the production process is complete, the goods become finished goods inventory. Finished goods inventory comprises fully completed products that are ready for sale. This inventory includes the costs associated with production, including direct materials, direct labor, and factory overhead.

In conclusion, raw material inventory transforms into work-in-progress inventory during the production process, and once the production is complete, the goods become finished goods inventory, ready for sale.

To know more about  Raw, visit;

https://brainly.com/question/1249089

#SPJ11

Answer:

nobody likes me either lol

Answer:

we can just forget the way our school and family taught us and learn finance and math really well and then start putting everything in practice and then you'll forget that you'll ever need a paycheck and that is how it is

i will send you in messenger

A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size (set by the Small Business Administration) in terms of employees or annual receipts is known as a small business.

Small businesses may be sole proprietorships, partnerships, or corporations, and they may operate in almost any industry.

You can learn more about small business at

https://brainly.com/question/17128827

#SPJ11

The demand for DVD players over this time has decreased.

Demand for various products changes as consumer preferences for electronics evolve. Demand for DVD players has declined (shifted to the left) as people are watching fewer DVDs and more online streaming movies.

When demand declines, consumers want to buy less of the product at every price point. One of the other elements influencing demand is the cost of associated goods.

Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.

The complete question is:

When it comes to watching movies, consumers have moved away from DVDs and into streaming. What has happened to the demand for DVD players over this time?

Select the correct answer below:

The demand has decreased.

The demand has increased.

The demand has remained stagnant.

There is not enough information to know what has happened to demand.

To know more about equilibrium price, visit:

https://brainly.com/question/30280373

#SPJ4

Answer:

Executive summary.

Explanation:

A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.

Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.

A business plan should be written in such a way that it comprises of all the important informations that an investor looks out for, in order to convince him or her to invest money in the business. Thus, the main section (contents) of a business plan include the following;

I. Title page.

II. Market analysis and competition.

III. Industry overview.

IV. Operating plan.

V. Sales and marketing plan.

VI. Financial plan.

VII. Management plan.

VIII. Appendices and exhibits.

IX. Executive summary.

The executive summary section of a business plan talks about a business’s core products and services, and their features and benefits to the consumers. Thus, the executive summary is the most important section of a business plan because it provides a concise summary of the business and it's the first section to be seen by an investor.

Clara’s portfolio is worth $200,000 and her portfolio consists of common stocks worth $56,000. Equity constitutes 28% of Clara's portfolio.

Equity represents the ownership interest or residual claim of the shareholders in a company. In the context of Clara's portfolio, her equity consists of the value of her common stocks.
To calculate the percentage of equity in Clara's portfolio, we divide the value of the common stocks ($56,000) by the total portfolio value ($200,000) and then multiply by 100 to express it as a percentage:

(56,000 / 200,000) * 100 = 28%.
Therefore, equity represents 28% of Clara's portfolio. Option (a) is the correct answer.
It is important to note that the remaining portion of her portfolio may consist of other types of investments, such as bonds, cash, or other financial instruments. The equity portion, specifically the common stocks, represents a significant component of her overall portfolio value.

To learn more about Equity:

https://brainly.com/question/31458166

#SPJ11

The resources that one can use to plan to ensure the beneficiary has adequate financial support to cover their basic living needs.

A beneficiary is a person (or entity) named to receive the advantages of property that belongs to another person. These benefits are frequently given to beneficiaries as a part of an inheritance.

It's crucial to name beneficiaries for your financial assets so that you can rest easy knowing that the people you've determined should get your money are guaranteed to do so. You can control what happens to your money and make the situation clear for everyone who might be affected by naming beneficiaries.

Note that there is no question as to where you want your money or insurance proceeds to go if you have a current beneficiary listed on all of your accounts. It reduces time (and maybe money).

Learn more about beneficiary from

https://brainly.com/question/24908169
#SPJ1

Under IRC Section 263a, certain indirect costs related to inventory must be capitalized when a qualifying business is manufacturing tangible personal property. These costs include direct materials, direct labor, and certain indirect costs like rent, utilities, and insurance.

However, there is one cost that is not required to be capitalized as part of this adjustment, which is interest expense.

Interest expense is considered a financing cost and is therefore not directly related to the production of tangible personal property. Therefore, it is not included in the list of costs that must be capitalized under IRC Section 263a. It is important for businesses to properly identify and allocate these costs to ensure accurate financial reporting and compliance with tax regulations.

IRC Section 263A requires the capitalization of certain indirect costs related to inventory when a qualifying business is manufacturing tangible personal property. To provide an accurate answer, I would need a list of specific costs to determine which ones are not required to be capitalized as part of this adjustment.

However, common indirect costs that are generally not required to be capitalized include marketing expenses, general and administrative expenses unrelated to production, and research and development costs. Please provide a list of costs, and I will be able to identify the cost that is not required to be capitalized as part of the IRC Section 263A adjustment.

To know more about Interest visit:

https://brainly.com/question/30393144

#SPJ11

Cognitive-based trust is evaluated along three dimensions: ability, benevolence, and integrity. These dimensions play a crucial role in determining the level of trust individuals place in others.

Ability refers to the perception of a person's competence, skills, and expertise to perform a task or fulfill responsibilities. It assesses whether the person has the necessary knowledge and capabilities to meet expectations and deliver results. When individuals perceive someone as highly capable and competent, it increases their trust in that person.
Benevolence focuses on the perception of a person's goodwill, intentions, and concern for others' well-being. It involves evaluating whether the person has positive motives, genuinely cares about others, and acts in their best interest. When individuals believe that someone has their best interests at heart and genuinely cares about their welfare, it enhances trust.
Integrity pertains to the perception of a person's honesty, reliability, and adherence to ethical principles. It involves assessing whether the person is trustworthy, keeps promises, and behaves in a morally upright manner. When individuals perceive someone as having high integrity and ethical behavior, it fosters trust in their actions and words.
These dimensions collectively contribute to the formation of cognitive-based trust, which is based on rational assessment and evaluation of a person's abilities, intentions, and ethical conduct. By considering these dimensions, individuals can make informed judgments about the level of trust they place in others and make decisions accordingly.

To learn more about, Cognitive Based Trust, click here, https://brainly.com/question/33133713

#SPJ11

Answer:

depends on the situation give me a strategy and ill give you why it would be the best

Setting the research objectives and identifying possible marketing actions are both part of which step in Define the problem of marketing research approach

For better understanding let's explain what define the problem mean

From the above we can therefore say that the answer Setting the research objectives and identifying possible marketing actions are both part of which step in Define the problem of marketing research approach

is correct

Learn more from:

https://brainly.com/question/15171928

Answer:

Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.

KEY TAKEAWAYS

Market segmentation seeks to identify targeted groups of consumers to tailor products and branding in a way that is attractive to the group.

Markets can be segmented in several ways such as geographically, demographically, or behaviorally.

Market segmentation helps companies minimize risk by figuring out which products are the most likely to earn a share of a target market and the best ways to market and deliver those products to the market.

With risk minimized and clarity about the marketing and delivery of a product heightened, a company can then focus its resources on efforts likely to be the most profitable.

Explanation: I was Just taking a test on this

Answer:

Got this correct on the Test.

Explanation:

distinction--->this segment contains an element that separates it from other segments.

homogeneity--->this segment contains a common element that unifies its members.

reaction--->this segment is based on the response of members with a certain outlook.

Answer:

Internet

Explanation:

Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.

Answer:

no no no no no no no no no no no                                                                                            

Answer:

oh ill tell you all about it when i see you again

Explanation:

Answer:

What's the question? :) I'm an econ major btw.  

Explanation:

Answer:

gaming platform

Explanation

did it

The example of a B2B Internet service is the online shopping. Option C is correct.

It is the type of electronic commerce. B2B means the Business to Business service. It involves the exchange of goods, services and the information between the business.

The online shopping is the good example of B2B internet service, because it involved the exchange of goods.

Therefore, option C is correct.

Learn more about the B2B, refer to:

https://brainly.com/question/15506646

Answer:

misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .

The lack of protection for the owner of a sole proprietorship against business-incurred liabilities like overwhelming debt or being sued is the most significant drawback of this business structure.

What drawbacks do sole proprietorships have?

The unlimited personal financial liability, limited management and employee skills, limited life, and limited access to capital are disadvantages of sole proprietorship.

What is a sole proprietorship, and what are its benefits and drawbacks?

A sole proprietorship is a type of business that is owned, run, and managed by a single person. While running a business, a sole proprietor bears all of the risks and liabilities and benefits financially. It is suitable for independently managed businesses like small retail shops and salons.

To learn more about sole proprietorship here:

https://brainly.com/question/1428023

#SPJ4

The beginning of the year at a cost of $67,139 that has an estimated residual value of $2,275 and an estimated useful life of 3 years. $21,621.33, the second-year depreciation using the straight-line method. Thus, option (a) is correct.

Given information:

Annual depreciation = (Cost of asset - Residual value) / Useful life

Annual depreciation = ($67,139 - $2,275) / 3

Annual depreciation = $21,621.33

Therefore, option (a) is correct.

Learn more about on depreciation, here:

https://brainly.com/question/30531944

#SPJ4

Answer:

The chart is placed in a database with five groups.

Hope this helped.

Answer:

Its C

Explanation:

Answer:

C

Explanation:

ifunny is dankreloaded

The final step in the sales comparison approach is the value conclusion process.

In maximum instances, a further bedroom can add between $30,000 to $50,000 to the capability resale fee of a house, relying on the place and the existing property price.

Greenback homes are unmarried-family homes that are acquired by using the Federal Housing management as a result of foreclosure movements. single -circle of relatives' homes is made available through this system each time FHA is unable to sell the homes for 6 months.

A home with 3 bedrooms or greater usually has a higher desire to make sure of destiny resale value. more than one lavatory shoppers will still buy a one-bath domestic however at a far decreased charge than predicted.

Learn more about the sale price per bedroom here:-https://brainly.com/question/28272205

#SPJ4

Answer:

B. Employees

Explanation:

The principle of need is a fundamental concept in legal and ethical frameworks that seeks to ensure that resources are distributed fairly and equitably.

This principle establishes a link between conduct and consequence, as it dictates that resources should be allocated based on an individual's need, rather than their ability to pay or other arbitrary factors. This means that those who require assistance or support the most should be given priority in the distribution of resources.

By emphasizing the importance of need, this principle helps ensure that resources are allocated more fairly and that those who are most vulnerable are given the support they need to thrive.

Question is incomplete the complete question is

What is the principle of need establishes a link between conduct and consequence?

To know more about ethical frameworks visit:

https://brainly.com/question/29786275

#SPJ4