Explain the captive market, Other Management

Assignment Help:

Question 1:

Over the past years, the accommodation industry in general has had to move away from a captive market, diversify its range of products and services in order to be competitive in an almost saturated market. With at least two examples for each, explain the following terms:

(i) The accommodation industry
(ii) A captive market
(iii) Product diversifcation
(iv) Range of products and services
(v) Saturated market [6 marks each]

Question 2:

Discuss and explain why it may not be economically viable for the management of a hotel to use a pricing method that is totally dictated by the market forces of supply and demand.


Related Discussions:- Explain the captive market

acquisition section-staff activity area of library building, Acquisition S...

Acquisition Section-Staff Activity Area of library building in libraray management The acquisition work consists of selection, approval (by competent authority, Library commit

How ethnocentrism affects intercultural communication, Intercultural commun...

Intercultural communication is the method of sending and receiving messages between people whose cultural background leads them to interpret verbal and non-verbal signs differently

Stock verification - library management, STOCK VERIFICATION: Stock ver...

STOCK VERIFICATION: Stock verification implies the physical check up of the articles on record. This is a common practice in all  organisations whether private companies or go

Beta of a share, Beta of a share Financial analysts often talk of the ...

Beta of a share Financial analysts often talk of the beta (b) of a share. We will describe what the beta signifies and the method commonly used to estimate it in this section.

Describe the six basic stages of tqm, Question A) Write short notes on the...

Question A) Write short notes on the Quality planning an element of Quality management Question B) What are the steps to the Fade QI model? Question C) Quality costs are

Organizational behaviour, A large unit manufacturing electrical goods which...

A large unit manufacturing electrical goods which has been known for its liberal personnel policies and fringe benefits is facing the problem of low productivity and high absenteei

Types of catalogue, TYPES OF CATALOGUE: You have learnt the definition...

TYPES OF CATALOGUE: You have learnt the definition, objectives and functions of a library catalogue and the physical forms in which it exists, with their distinguished feature

Importance of the different stages in the process, QUESTION 1 (a) Descr...

QUESTION 1 (a) Describe the various stages of a strategic management process .and explain the importance of the different stages in the process (b) Can unexplained strategie

Information services - information behaviour, Information Services: In t...

Information Services: In that part we shall discuss eight types of information services:  Current Awareness Service (CAS)  Selective Dissemination of information (SDI)

Weeding - library management, Weeding  In course of time some  books i...

Weeding  In course of time some  books in the library become outdated (e.g. books with statistics). Some time later research result into making information in earlier edition

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd