We all like to keep a track of our expenditures, don’t we? A similar thing happens in industries like hospitality. They have something called high fixed costs; i.e. the money they have to spend whatever might be the situation. But, they also have what we call perishable inventory. This means that they cannot store supplies in their vault that will be used up 1 year later. When you take care of these factors and allocate budget to be spent, this is called revenue management. This is used when you have to optimise the results obtained from financial sources. What constitutes as revenue management? It is when you sell the right product to the right client on right time at the right price. Let us take the example of hotels, shall we? Perfect.
I am assignment writing expert and have been associated with My Assignment Services since last five years. I believe that students should get professional help with their assignments so that they can manage both their education and co-curriculum activities simultaneously. Contact me through My Assignment Services for Assignment Assistance.
Doing your Assignment with our resources is simple, take Expert assistance to ensure HD Grades. Here you Go....
Get Flat 10% Discount Upto A$50 on all Assignment Orders:
Get 20% OFF upto A$40 on your First Assignment order.
Get 500 Words Free on your Assignment: