Question 1 Whenone is considering major purchase, there are four different channels essential to analyse and review are Direct selling; food and accommodation Selling through intermediaries; buying the products from indirect seller Dual distribution Reverse channels In addition, the time and effort the buyer expends at each stage of the processpurchase always from the lowest priced channel is not supporting the quality material supply but the product that satisfied the every channel in the hospitality is essential. Question 2 Some typical data-specified demand variations for restaurants includes Cash Financial Statement Review Store monitoring Access Control Question 3 Demand management in the is whenorganization use priceto control, direct influence, and create demand for example, in the chains of international food supply chain like McDonalds and KFC manages the macro-economic and microeconomic factors related to the demand and price of the products.As swimming pool and better sitting structure is demanded products. Question 4
Increased price of the products affect the customer and the seller at the decline in the sale but when it come to the branded and famous products people see class and their stats first, and in the food or hospitality products effect of thepurchased products is examined. Hence raised price of brand but people still purchase includes Brands provide peace of mind. Brands save decision-making time. Brands create difference and Brands add value Question 5 Segment – Food and Beverage This sector serves the quality of food in variety, it has link to many channel’s causing the expenses and earning management as ; Dairy products Agricultural product suppliers Cooks Meat and poultry Food serving services Question 6 A cost based pricing is in hospitality is based on the expenses of the direct and indirect measures as food services, room services and resources that are wasted in the management of that product and value based pricing is base to simply counting the value of the finished products for example leisure services.
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References Bertozzi, F., Ali, M. C., & Gul, F. A. (2017). Porter’s five generic strategies; A case study from the hospitality industry.International Journal For Research In Mechanical & Civil Engineering (ISSN: 2208-2727), 3(2), 09-23. Gabarda-Mallorquí, A. G., & Ribas, A. (2017). Mass tourism and water efficiency in the hotel industry: A case study.International Journal of Hospitality Management, 82-93. Henderson, J. (2016). Integrated resorts and tourism: A Singapore perspective.Asia-Pacific Journal of Innovation in Hospitality and Tourism, 5(2), 191-208.