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In which circumstance Forecasting Technique might be used as a method of the managing inventory?
Explain the relationship between the various sections of Rooms Division Department and the Financial Department. Support your answer with real life examples from the industry.
Describe in brief how the given Inventory Management performances can be measured:
Vehicle management systems are structured in a manner that enables the capturing of information on different aspects of fleet usage, maintenance and operations. List three of such aspects.
An outside consultant can be used to measure the purchasing performance. Describe the process.
List all the steps involved in decision making process. Determine the optimal decision if management was to use expected monetary value criterion?
Propose and justify five measures that the purchasing department of a national company might adopt to address such environmental concerns.
Purchasing negotiation is considered as comprising of three main stages. Describe in brief the main activities carried out throughout the different phases of a purchasing negotiation.
Describe in brief the significance of comprising a liquidated damages clause in a purchasing contract.
Conceptualise strategy and describe the differences between corporate and competitive strategies showing the importance of each of them.
The economics of stock control are determined by an analysis of the costs incurred in obtaining and carrying inventories under the headings of acquisition cost, holding cost and cost of stock outs.
In pricing material issues from stores, cost pricing might be applied in one of two ways generally abbreviated to FIFO and LIFO. Give a description of such methods.
Elaborate on the following 2 schools of psychology-structuralism and functionalism. Explain the main techniques of personality assessment which are employed by psychologists.
What are the dissimilar stages in team building? Explain the significance of control for managers to accomplish the objectives of the organization.
Relate to them the compulsory sections of a good marketing plan, and by using a relevant hotel scenario describe the component of each section.
Which is an enhanced public relation tool, a press conference or a press release? Give at least five reasons to support your answer.
Describe the concept of "integrated marketing communications” in relation to the above case.
Discuss the main determinants that affect the shaping of business policy? Choose a tourism or hospitality service organisation of your choice, identify and explain the advantages and disadvantages i
There are six main kinds of information systems that organizations use in their operations. Describe how such information systems support managers in their decision making role.
The formation and importance of work teams in the organisation is essential. Explain the different work team characteristics.
Make a distinction clearly between deliberate change and accidental change. Make a distinction between formal and informal groups. Give one example of each.
What are the advantages and disadvantages of assessing/monitoring supplier performance? Illustrate with the use of a diagram the risk management process and explain the different steps involved in the
Provide a comprehensive definition of Legal Liability using a case from the industry. Define the three general classes of legal wrongs from which legal liability usually arise.