Reference no: EM132779141

-Many travel-related sites offer a low-rate guarantee with additional incentives. How do hotels/resorts make a profit on these low-rate incentives provided by an indirect channel? Why are these channels important to the sales of the hotel? Are hotels/resorts strategic with the channels used to promote room rates through travel sites? Provide an example

-Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. Would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable and many farmers harvest small crops? Why?

-Read "Crude Thinking." How does the article explain the relationship between oil production and prices and the expectations of consumers and suppliers? Explain how, according to the article, that relationship has influenced the oil market.

-Think about the best and the worst manager or leader for whom you have worked. What qualities did you notice that you would want to avoid emulating and what qualities have inspired your leadership techniques? How can you use these techniques to motivate and inspire your future employees?

-How do the mission and vision statements of an organization affect management strategy? Why is it important to clearly articulate the statements in order to effectively carry out the strategic management process?