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Why must it always be remembered that a hotel is a business?

Asked by: Arthur 484 days ago - 1 Answers - 759 views

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Firstly we should be clear about the term ‘business’ ; its ahuman beings economic activity where there may be exchange of goods or services( i.e. buying and selling) , with a view to gain profit. Such goods or services are served to their respective customers through various channels. In any business firm there may be certain portion of risk. A person who starts or commences such a economic activity is called businessman. while he is involved with the any kind of business firm there may be occurance of various business transactions(buying/selling). While starting a business it requires capital, which is urgently needed to run the business firm. Now, what are those points, which are concerned with ‘Hotel’ as a firm of business, you can evaluate, and you come to the answer of your question.

Answer by Ganesh Singh Bhandari 473 days ago

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