Revenue Management Midterm Assessment

Revenue Management Midterm Assessment
Below are questions that form the midterm assessment.

  1. Discuss the relationship between value and fair price. Consider the following questions in your discussion. What is meant by a fair price? How is a fair price determined? When is a price unfair? When is a price too high? Discuss why a customer might find a price too high?
  2. Discuss the topic of pricing. In your discussion address how revenue managers should price their products? Should increased costs automatically justify an increase in selling price? Explain why or why
  3. What is differential pricing? Why is it an effective strategy to use in optimizing revenue? Discuss factors revenue managers can use to differentiate prices in a hotel.
  4. Why are measures such as ADR and occupancy rate not appropriate as standalone measures of a revenue manager’s performance? Explain. If these are not appropriate what is/are better measures of a hotels performance?
  5. The discipline of revenue management has undergone dramatic change. Historically, the role was that of “inventory management.” Today it is dramatically different. What is the future role of the revenue manager? Discuss changes in the discipline of professional revenue management.
  6. Coca-Cola has developed dynamic pricing technology that will allow automated pricing of its beverages based on daily weather conditions. For example, the normal price of a coke product on campus is $1.50 per 20-ounce bottle. This technology monitors ambient temperatures so that on a hot and humid day when consumers have a higher desire for cold beverages from a vending machine the price can increase to, let’s say, $2.50. Is this fair? Why or why not? Do similar examples of dynamic pricing exists

$100 for assured grade A. Contact us Now.

Calculate the price of your order

Simple Order Process

Fill in the Order Form

Share all the assignment information. Including the instructions, provided reading materials, grading rubric, number of pages, the required formatting, deadline, and your academic level. Provide any information and announcements shared by the professor. Choose your preferred writer if you have one.

Get Your Order Assigned

Once we receive your order form, we will select the best writer from our pool of experts to fit your assignment.

Share More Data if Needed

You will receive a confirmation email when a writer has been assigned your task. The writer may contact you if they need any additional information or clarifications regarding your task

Let Our Essay Writer Do Their Job

Once you entrust us with your academic task, our skilled writers embark on creating your paper entirely from the ground up. Through rigorous research and unwavering commitment to your guidelines, our experts meticulously craft every aspect of your paper. Our process ensures that your essay is not only original but also aligned with your specific requirements, making certain that the final piece surpasses your expectations.

Quality Checks and Proofreading

Upon the completion of your paper, it undergoes a meticulous review by our dedicated Quality and Proofreading department. This crucial step ensures not only the originality of the content but also its alignment with the highest academic standards. Our seasoned experts conduct thorough checks, meticulously examining every facet of your paper, including grammar, structure, coherence, and proper citation. This comprehensive review process guarantees that the final product you receive not only meets our stringent quality benchmarks but also reflects your dedication to academic excellence.

Review and Download the Final Draft

If you find that any part of the paper does not meet the initial instructions, send it back to us with your feedback, and we will make the necessary adjustments.