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Author Question: Which menu shows an example from a duration management strategy? What will be an ideal ... (Read 10 times)

faduma

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on: Aug 10, 2018
Which menu shows an example from a duration management strategy?
 
  What will be an ideal response?

Question 2

What if revenues increased by 2?
 
  What will be an ideal response?


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angrybirds13579

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Reply #1 on: Aug 10, 2018
Answer to Question 1

The top menu (from 1895) has a duration management strategy at the bottom  it says, Seats reserved twenty minutes only.. This is informing customers how long they are allowed to sit at a seat and gives the restaurant operator total control of duration.

Answer to Question 2

1,170,000  .02 = 23,400

This expected revenue increase makes adopting the RRM program a much less risky proposition, especially if the expected increase has been carefully and conservatively estimated.


faduma

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Reply 2 on: Aug 10, 2018
Thanks for the timely response, appreciate it

xiaomengxian

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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