HTL 510 Lecture Notes - Lecture 1: Lyft, Cash Flow, Franchising

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTL 510
• Professor: Gabor Forgacs

Document Summary

Value (economics): a measure of the benefit that may be gained from goods or service. Value (marketing): the difference between a customer(cid:495)s evaluation of benefits and costs. Warren buffett: price is what you pay, value is what you get. Value: the regard that something is held to deserve; the importance, worth, or usefulness of something. (cid:498)your support is of great value(cid:499) A person(cid:495)s principles or standards of behaviour; one(cid:495)s judgment of what is important in life. (cid:498)they internalize their parents(cid:495) rules and values(cid:499) A couch can generate money (listed in an airbnb for rent) New york hotels: strategic location only matters. Valuation of other hotels increase because of the market. Yonge dundas square: a lot of resources of water. How much is your business worth: listing criteria on the tse, 1 million units for the business to invest in, min. stock and share price worth .