Question: Some professionals think that RM techniques are not important for those managers working in non-profit segments of the hospitality industry. They cite the fact that

Some professionals think that RM techniques are not important for those managers working in non-profit segments of the hospitality industry. They cite the fact that operating budgets in many such facilities are low and their customers constitute a captive audience. Other RMs would maintain that these types of customers, because of their captive audience status, require more, not less, of an organizations attention to the prices the customers must pay, as well as the value they receive in their business transactions. With which group would you agree? Illustrate your position by using a hospitality-specific example.

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 General Management Questions!