B2090C: What are two (2) possible limitations to consider in using Revenue Management for your selected hotel: Business Operations Assignment, RP

Question 1

What are two (2) possible limitations to consider in using Revenue Management for your selected hotel? Explain.
Provide examples of how each of the following three (3) Pricing Methods can be applied to your selected hotel.

Cost-based Pricing
Rate of Return Pricing
Psychological Pricing

In your examples, provide calculations (if applicable) based on available information with reasonable assumptions. State your source of information.

Question 2

Conduct a multi-product break-even analysis for one (1) month. Your analysis should report on the break-even number of units to be sold and a reasonable sales mix.
Explain how your analysis in Part (a) will affect your decision to start the business and/or the way you will operate it.

Question 3

Describe in detail the event you are planning and prepare the static budget for your event. Describe two (2) variable costs and two (2) fixed costs in your static budget. State your source of information.
Prepare a flexible budget for your event, assuming that one of the variable costs increased by 10% per person and only 250 participants turned up on an actual day.

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