A Demand Forecasting Technique Used to Maximize Room Revenue Is

question 22

Short Answer

A demand forecasting technique used to maximize room revenue is known as:
• Property management system
• Average daily rates
• Return on investment
• Revenue management

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Definitions:

Traditional Costing System

A costing methodology that assigns manufacturing costs to products based on volume metrics such as direct labor hours or machine hours.

Unit Product

A specific item or version of a product, distinct in unit size or configuration, produced by a company.

Direct Labor-Hours

The total time workers spend producing a product or performing a service, specifically those directly involved in manufacturing.

Activity-Based Costing

A technique for determining costs that discerns activities in an organization and charges the cost of these activities to all products and services, based on the real amount each consumes.