List the Four Major Analyses That Can Be Made Based

question 28

Essay

List the four major analyses that can be made based on CRM system data and explain why each is important.

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Definitions:

Cost of Goods Manufactured

Cost of Goods Manufactured is the total production cost of goods completed during a specific period, including costs of materials, labor, and overhead.

Occupancy Rate

A measurement used in the hospitality industry indicating the percentage of available rooms or units that are occupied over a specific period.

Guests

Individuals or parties that are receiving services or hospitality, commonly used in the context of hotels, restaurants, and events.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.