What do you know about revenue management?
Posted On: Dec 21, 2020
Revenue management is the application of analytics that forecast consumer behavior at the level of the micro-market. The aim of revenue management to optimize the price and availability of products to enhance revenue growth. It focuses on selling the right product at the right time to the right customer at a reasonable price. Revenue management is essential to discipline as it allows the understanding of customer perception of product value and aligns it with product prices.
Related Questions
Subscribe Our NewsLetter
Never Miss an Articles from us.
Recent Articles
Featured Categories
- Common Interview Questions
- Python Flask Interview Questions
- NoSQL Interview Questions
- jQuery Interview Questions
- C Programming Interview Questions
- AngularJs Interview Questions
- Node JS Interview Questions
- JavaScript Interview Questions
- Core Java Interview Questions
- HTML Interview Questions
- Laravel Interview Questions
- Wordpress Interview Questions
- PHP Interview Questions
Hotel Management Interview Questions
What is hospitality in hotel industry?
Hospitality is a relationship between a host and a guest. In this relation, the host receives the guest with goodwill, entertainment of guests, reception, strangers, and visitors. In other words, hosp...
Hotel Management Interview Questions
What are different types of accommodation?
Motels: In motel accommodation, there are one to two bedrooms available for the guests. Sometimes tea, coffee, and cooking facilities are also provided. They also offer facilities like Television. M...
Hotel Management Interview Questions
What is Check-In and Check-Out process in hotel?
Check-in: Check-in is the process that occurs when a guest arrives at the hotel with proper verification. They must possess a valid id. Check out: It is the process of leaving the hotel after returni...