B2090C the ‘Michelin Guide Singapore 2023’ – a prestigious restaurant and hotel rating system: Management Accounting Assignment, SUSS, Singapore
Question 4 (14 marks)
Select one (1) restaurant under the ‘Michelin Guide Singapore 2023’ – a prestigious restaurant and hotel rating system that awards stars to establishments based on their quality and culinary excellence.
You can access the Michelin Guide Singapore 2023 via the link provided below: https://guide.michelin.com/sg/en/selection/singapore/restaurants
⦁ Provide one (1) reason why Revenue Management is applicable to the restaurant you have chosen.
Stuck with a lot of homework assignments and feeling stressed ?
Take professional academic assistance & Get 100% Plagiarism free papers
⦁ Identify and explain one (1) possible challenge that the restaurant may face when practicing Revenue Management.
⦁ Explain, using examples, how each of the following Pricing Methods can be applied to the restaurant you have chosen.
⦁ Cost-based Pricing
⦁ Rate of Return Pricing
⦁ Psychological Pricing
When relevant, please ensure that your examples are accompanied by numbers and calculations derived through your own research. State the source(s) of your research clearly.
⦁ Marks will be awarded for Oral Questioning for this section. Please see the marking criteria below.
The marking criteria for this section are shown below.
Buy Custom Answer of This Assessment & Raise Your Grades
- ESG531 Circular Economy for a Sustainable Future Group-Based Assignment: Circular Transformation Roadmap for SMEs towards 2030
- Business Marketing Assignment: Showcasing Fresco Pizza Hub’s Competitive Advantage over MegaSlice Pizza
- ECE210 Advocacy and Collaborations with Families Assignment: Supporting Grieving Children Through Culturally Responsive and Family-Centred Practices
- ACC707 Accounting and Finance Assignment: Evaluating Investment Decisions, Budgeting Practices, and Financial Performance through Ratio Analysis
- NCO201 Learn to Learn, Learn for Life TMA01: Developing Self-Awareness and Strategies for Lifelong Learning
- PSS219 Public Safety and Security in Singapore Group-Based Assignment: Analyzing Ministry Strategies and Challenges from the 2025 Committee of Supply Debate
- MTH240 Engineering Mathematics I TMA: Applications of Linear Algebra in Engineering Problems and System Analysis
- Engaging Youth with IBM Skills Build Assignment: Developing Creative Approaches to Boost Skills and Career Prospects
- BUS368 Innovation Management and Digital Transformation Assignment: Managing Innovation and Uncertainty in Foldable, Trifold, and Stretchable Display Technologies
- BUS366 Assignment: Enhancing Process Efficiency and Recruitment Effectiveness through Lean Six Sigma Methodologies
UP TO 15 % DISCOUNT