Hotels Sometimes Use a Revenue Optimization System to Improve Demand

question 75

True/False

Hotels sometimes use a revenue optimization system to improve demand forecasting and update prices of its rooms from minute to minute.

Understand the characteristics and strategies associated with high Machiavellian individuals in organizations.

Distinguish between different means and ends in the context of organizational behavior and power.

Identify critical factors affecting organizational effectiveness and the role of departments.

Understand the physical, cognitive, and emotional changes that occur during adulthood and late adulthood.

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Definitions:

Job-related Abilities

Specific skills or competencies required to perform tasks and responsibilities linked to a particular job effectively.

Proactive Personalities

Individuals who are naturally inclined to take initiative and effect change in their environment, rather than just reacting to it.

Initiative

The ability to assess and initiate things independently without needing to be prompted by others.

Effect Change

To cause a significant difference or alteration in a situation or condition.