Question: Good managers seek to decrease their fixed costs to their lowest practical levels while still satisfying the needs of the business and its customers. Explain

Good managers seek to decrease their fixed costs to their lowest practical levels while still satisfying the needs of the business and its customers. Explain why and how this can be done without sacrificing guest satisfaction? Give two examples for hotels and two examples for restaurants.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

In a sales approach to marketing, the goal is to maximize volume (number of covers sold). Increased customer counts should result in maximized total operational revenues. Explain and give three...

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

What was NASAs standard fixed cost per tonne for 1986? Show your work. Note: See the equation on page 5. The Fixed Cost to Production numbers from Exhibit 1 are in terms of 9 months. So to compare...

EXPLAIN: What benefits, if any, does Polysar gain by allocating its overheads on the basis of "Demonstrated Capacity"? war against the United States by Japan in December 1941. During 1942 and 1943,...

I meed help with a few of these questions I need help with the issues for discussion problems Bridgestone Behavioral Health Center: Cost-Volume-Profit (CVP) Analysis for Planning and Control A....

Can you help me to create CVP base on these information, please. Cat & Joe's Pig Rig: Should We Stay or Should We Go? Tony Bell Thompson Rivers University Andrew Fergus Thompson Rivers University...

INTEGRATIVE CASE 8.0 Costco: Join the Club Following high school, James Sinegal worked for discount warehouse Fed Mart unloading mattresses. Then, in the 1970s as an employee of California-based...

NTEGRATIVE CASE 8.0 Costco: Join the Club Following high school, James Sinegal worked for a discount warehouse Fed Mart unloading mattresses. Then, in the 1970s as an employee of California-based...

Following high school, James Sinegal worked for discount warehouse Fed Mart unloading mattresses. Then,in the 1970s as an employee of California-based PriceClub, he absorbed every detail of the...

BE Coca Cola-2022-Annual-Report[1 X + X File | C:/Users/Hp/AppData/Local/Microsoft/Windows/INetCache/IE/7CP9CWON/Coca%20Cola-2022-Annual-Report[1].pdf . . . I V Draw 2 | | Read aloud + 19 of 108 2 |...

What are the two criteria for determining an SME?

1) What does Coca-Cola stand for? Is it the same for everyone? Explain. 2) Coca-Cola has successfully marketed to billions of people around the world. Why is it so successful? 3) Can Pepsi or any...

In the 1 9 7 0 s , _ _ _ _ _ . Question 2 0 options: the market interest rate increased above the rate that banks could offer banks and thrifts were able to borrow at low interest rates to support...

With the BCG Matrix, growth strategies are divided into 4 quadrants True False

6. Explain the strengths of a dialectical approach.

4. How have other fields contributed to the study of intercultural communication?

1. Becoming Culturally Conscious. One way to understand your cultural position within the United States and your own cultural values, norms, and beliefs is to examine your upbringing. Answer the...