Question

In: Finance

Due to one of the following characteristics, hospitality businesses do little advance production. Which one is...

Due to one of the following characteristics, hospitality businesses do little advance production. Which one is it?
1. Seasonality
2. Short Duration Chain and Time Span
3. Labor Intensiveness
4. Capital Intensiveness

Many convention hotels present much larger amounts of their payroll expenses during peak seasons of conventions in their region than other times of a year. Which one of the following is the most relevant characteristics that explains this?
1. Seasonality
2. Short Duration Chain and Time Span
3. Labor Intensiveness
4. Capital Intensiveness

For a big game that attracts large crowd, companies that handle such events (like a Super Bowl Game) relocate their unit and regional managers to a specific location when they are having slow time in their units. Which characteristics is the most relevant to this practice?
1. Seasonality
2. Short Duration Chain and Time Span
3. Labor Intensiveness
4. Capital Intensiveness

Solutions

Expert Solution

1.Due to one of the following characteristics, hospitality businesses do little advance production. Which one is it?

LABOR INTENSIVENESS - It is becuase hospitality business like a hotels and travel requires a large numbes of workforce to make sure that customers are happy. A lot of planning is required in advance.

2.Many convention hotels present much larger amounts of their payroll expenses during peak seasons of conventions in their region than other times of a year. Which one of the following is the most relevant characteristics that explains this?

SEASONALITY since it talks of peak seasons of conventions than other times

3.For a big game that attracts large crowd, companies that handle such events (like a Super Bowl Game) relocate their unit and regional managers to a specific location when they are having slow time in their units. Which characteristics is the most relevant to this practice?

SHORT DURATION CHAIN AND TIME SPAN since we tlak about super bowl which happens for about 4 hours only and they have to provide their services in this short time


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