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Hospitality 306: Revenue Generation for Hospitality

Course Summary

Use the helpful video and text lessons in this course to learn more about generating revenue in the hospitality industry. This course can be used to study for exams, prepare for class discussions or boost your professional skills in the hospitality industry.
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12 chapters in Hospitality 306: Revenue Generation for Hospitality

Course Progress Best Score
Lesson 1 - What Is Revenue? - Definition & Concept Score: {{cp.lessonAssetIdToProgress[7492].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7492].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How to Calculate Sales Revenue: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16062].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16062].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Revenue Generation for Hospitality: Definition & Overview Score: {{cp.lessonAssetIdToProgress[264153].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[264153].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Revenue Management for the Hospitality Industry Score: {{cp.lessonAssetIdToProgress[208608].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208608].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Revenue Management Teams: Roles & Responsibilities Score: {{cp.lessonAssetIdToProgress[264159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[264159].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Revenue Optimization Strategies in Service Industries Score: {{cp.lessonAssetIdToProgress[264165].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[264165].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Accounting Profit vs. Economic Profit Score: {{cp.lessonAssetIdToProgress[243757].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243757].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is Profitability? - Definition & Analysis Score: {{cp.lessonAssetIdToProgress[9547].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9547].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Profit Maximization: Definition, Equation & Theory Score: {{cp.lessonAssetIdToProgress[9522].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9522].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Return on Investment: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[9539].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9539].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Pricing Objectives: How Firms Decide on a Pricing Strategy Score: {{cp.lessonAssetIdToProgress[1584].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1584].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Economic Factors of Pricing and Pricing Strategy Score: {{cp.lessonAssetIdToProgress[1590].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1590].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Pricing Strategy and Consumer Perception Score: {{cp.lessonAssetIdToProgress[1585].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1585].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Pricing Cost: What Motivates Mark-up and Break-Even Pricing Score: {{cp.lessonAssetIdToProgress[1587].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1587].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Price Selection: How Businesses Select the Correct Price for Products Score: {{cp.lessonAssetIdToProgress[1588].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1588].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Brand Strength & Pricing in Hospitality & Tourism Score: {{cp.lessonAssetIdToProgress[262555].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[262555].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Demand in Economics: Definition & Concept Score: {{cp.lessonAssetIdToProgress[7899].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7899].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Demand Forecasting Techniques: Moving Average & Exponential Smoothing Score: {{cp.lessonAssetIdToProgress[79889].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[79889].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Using Qualitative Data for Demand Forecasting Score: {{cp.lessonAssetIdToProgress[79890].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[79890].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is Inventory Management? - Demand vs. Cost Score: {{cp.lessonAssetIdToProgress[40392].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40392].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Inventory Control: Definition & Best Practices Score: {{cp.lessonAssetIdToProgress[213361].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[213361].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Food & Beverage Inventory Control Score: {{cp.lessonAssetIdToProgress[227791].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227791].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Inventory Control Systems: Manual & Automated Score: {{cp.lessonAssetIdToProgress[213363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[213363].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Advantages of Inventory Control Systems Score: {{cp.lessonAssetIdToProgress[213365].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[213365].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Inventory Control Techniques Score: {{cp.lessonAssetIdToProgress[213367].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[213367].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Food Service Industry: Trends & Analysis Score: {{cp.lessonAssetIdToProgress[213373].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[213373].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Restaurant Operating Expenses: Types & Examples Score: {{cp.lessonAssetIdToProgress[227807].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227807].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Restaurant Budget Template
Lesson 4 - Restaurant Daily Sales Report Template
Lesson 5 - Cost of Goods Sold (COGS): Calculation & Example Score: {{cp.lessonAssetIdToProgress[227819].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227819].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Cost of Goods Sold (COGS) vs. Expense Score: {{cp.lessonAssetIdToProgress[227821].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227821].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Food Cost Percentage: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[227823].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227823].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - How to Calculate Food Cost for a Recipe Score: {{cp.lessonAssetIdToProgress[227825].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[227825].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - What is Menu Planning? - Basics & Importance Score: {{cp.lessonAssetIdToProgress[208692].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208692].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Menu Pricing Structure: Definition & Analysis Score: {{cp.lessonAssetIdToProgress[264189].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[264189].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Constructing a Menu Mix to Maximize Revenue Score: {{cp.lessonAssetIdToProgress[264191].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[264191].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Ethics in the Hospitality Industry Score: {{cp.lessonAssetIdToProgress[193729].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[193729].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Hospitality Industry: Labor & Legal Issues Score: {{cp.lessonAssetIdToProgress[208566].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208566].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Corporate Social Responsibility in the Hospitality Industry Score: {{cp.lessonAssetIdToProgress[208594].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208594].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Anti-Trust Legislation in the US: History & Impact on the Economy Score: {{cp.lessonAssetIdToProgress[37363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37363].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Cartel: Definition & Economics Score: {{cp.lessonAssetIdToProgress[89859].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89859].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Collusion in Economics: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15873].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15873].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Role of Government in a Market Economy Score: {{cp.lessonAssetIdToProgress[38226].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38226].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What Is Consumer Behavior in Marketing? - Factors, Model & Definition Score: {{cp.lessonAssetIdToProgress[6640].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[6640].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Influences on Consumer Buying Decisions: Cultures, Values & More Score: {{cp.lessonAssetIdToProgress[1532].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1532].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Understanding the Consumer Decision-Making Process: A Marketing Must Score: {{cp.lessonAssetIdToProgress[1529].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1529].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Understanding the Consumer Adoption Process Score: {{cp.lessonAssetIdToProgress[51017].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[51017].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Consumer Behavior in the Hospitality Industry: Influences & Characteristics Score: {{cp.lessonAssetIdToProgress[262543].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[262543].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Consumer Psychology and the Purchase Process Score: {{cp.lessonAssetIdToProgress[1530].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1530].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Brand Familiarity and the Purchase Process Score: {{cp.lessonAssetIdToProgress[2808].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2808].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Cognitive Dissonance & Post-Purchase Process Score: {{cp.lessonAssetIdToProgress[2807].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2807].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Consumer Behavior Theory and Marketing Strategy Score: {{cp.lessonAssetIdToProgress[1528].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1528].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Hospitality Industry: Customer Service & Guest Satisfaction Score: {{cp.lessonAssetIdToProgress[208572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208572].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Customer Relationship Management: Using CRM to Focus on Customers Score: {{cp.lessonAssetIdToProgress[1773].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1773].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Implementing Customer Relationship Management Score: {{cp.lessonAssetIdToProgress[56360].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[56360].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Customer Centric: Definition & Examples Score: {{cp.lessonAssetIdToProgress[157203].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[157203].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Customer-Centric Sales: Definition & Strategy Score: {{cp.lessonAssetIdToProgress[157209].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[157209].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Service Quality: Definition & Dimensions Score: {{cp.lessonAssetIdToProgress[73617].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[73617].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What is Customer Value? - Marketing & Definition Score: {{cp.lessonAssetIdToProgress[3790].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[3790].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Adding Value Through Proactive Customer Service Score: {{cp.lessonAssetIdToProgress[57808].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[57808].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Branding and Brand Equity in Business Marketing Score: {{cp.lessonAssetIdToProgress[1547].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1547].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Brand Awareness: Definition, Strategy, Metrics & Measurement Score: {{cp.lessonAssetIdToProgress[17630].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17630].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Brand Repositioning: Definition, Strategies & Examples Score: {{cp.lessonAssetIdToProgress[17635].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17635].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Co-Branding: Definition, Strategies & Example Score: {{cp.lessonAssetIdToProgress[17613].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17613].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Brand Extension: Definition, Strategy, Failures & Examples Score: {{cp.lessonAssetIdToProgress[17610].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17610].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Branding in Hospitality & Tourism: Traits & Examples Score: {{cp.lessonAssetIdToProgress[262549].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[262549].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - How Marketing Impacts Hospitality Score: {{cp.lessonAssetIdToProgress[160487].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[160487].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Hospitality Industry Marketing: Importance & Strategies Score: {{cp.lessonAssetIdToProgress[208588].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[208588].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Market Segmentation: Why Market Segments Are Important to Marketers Score: {{cp.lessonAssetIdToProgress[1540].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1540].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Effective Strategies for Hospitality Marketing Score: {{cp.lessonAssetIdToProgress[262563].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[262563].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Revenue Sharing & Affiliate Marketing Score: {{cp.lessonAssetIdToProgress[76540].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[76540].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Internet Marketing for Hotels Score: {{cp.lessonAssetIdToProgress[166325].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[166325].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - How to Leverage User-Generated Content in Internet Marketing Score: {{cp.lessonAssetIdToProgress[49976].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[49976].bestScoreQuestions}}  Take Quiz Optional

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