Question: Explain the main differences between optimal prices and AP price. Next, compare and contrast the bill-paying procedures that can be employed by hospitality operators. You

Explain the main differences between optimal prices and AP price. Next, compare and contrast the bill-paying procedures that can be employed by hospitality operators. You will also need to discuss which bill-paying procedure you believe is most important. Justify your response.

Describe how the supplier selection criteria can help a small independent hotel find products that help control costs and offer different selections. Provide specific examples to support your response.

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Optimal Prices vs AP Prices Optimal Prices Represent the ideal price that maximizes profit or another objective like market shareconsidering factors l... View full answer

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