HM 316 Lecture Notes - Lecture 16: Lastminute.Com, Five Ws, Job Satisfaction

• School: JMU
• Department: Hospitality Management
• Course: HM 316
• Professor: William Frye

Document Summary

1: permanent committees that help a club conduct ongoing activities are called standing committees. Delegation is not an all or nothing situation: delegation does reduce decision time and gives the manager more time for thinking and planning. Market: the set of actual and potential buyers of a product or service: market penetration: when a company tries to increase its revenue by increasing market share with current products in current markets. Number of executives is a demographic factor that affects the market size for a downtown city club. 11: the statement of financial position is prepared on the final day of an accounting period and reflects a clubs financial position as of that particular day, disadvantages of a statement of financial position: It only reflects a club"s financial position as of a single point in time, usually the last day of the accounting period.