Markets and the price mechanism.

HNC BUSINESS ORGANISATIONS COMPETITION AND THE ENVIRONMENT ASSIGNMENT NUMBER: 1. TITLE: MARKETS AND THE PRICE MECHANISMS PRODUCED BY AMY JACKSON FOR JACKIE SHAW CONTENTS PAGE . INTRODUCTION 2. SECTION 1 - BUSINESS OBJECTIVES 2.1. BUSINESS OBJECTIVES OF TD TRAVEL GROUP 2.2. BUSINESS OBJECTIVES OF THREE STAKEHOLDERS IN TD TRAVEL GROUP AND IF TD TRAVEL GROUP HAVE ACHIEVED THESE OBJECTIVES 2.3. TD TRAVEL GROUPS RESPONSIBILITIES TO ITS EMPLOYEES AND HOW IT MEETS THESE RESPONSIBILITIES 3. SECTION 2 - EXTERNAL MARKET FACTORS 3.1. AN EXPLANATION OF MONOPOLIES, OLIGOPOLIES AND PERFECT COMPETITION WITH REFERENCE TO TD TRAVEL GROUP AND OTHER ORGANISATIONS THEY HAVE DEALIN GS WITH 3.2. HOW SUPPLY AND DEMAND FITS INTO THE WAY TD TRAVEL GROUP OPERATES 3.3. FACTORS WHICH AFFECT THE DEMAND FOR TD TRAVEL GROUPS PRODUCTS AND SERVICES AND HOW THEY RESPOND TO CHANGES IN DEMAND 3.4. HOW TD TRAVEL GROUP GAIN COMPETITIVE ADVANTAGE AND HOW IMPROVEMENTS COULD BE MADE TO GAIN EVEN GREATER COMPETITIVE ADVANTAGE 4. CONCLUSIONS AND RECOMMENDATIONS 5. BIBLIOGRAPHY 6. APPENDICIES INTRODUCTION This report is designed to look at organisations competition and the environment of TD Travel Group. TD Travel Group is an independent corporate travel organisation that takes the frustration and confusion out of business and group travel arrangements using one or all three of its specialised

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  • Level: University Degree
  • Subject: Business and Administrative studies
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International Travel and Tourism management

From Home To Home Marketing Campaign for The Treasure Houses of England SITUATION ANALYSIS * Visiting Friends or Relatives (VFR) Market Visiting Friends or Relatives (VFR) is an important form in travel and tourism market. It is found to be one of the most frequent reasons for domestic pleasure travel especially in Europe and US (Lehto, Morrison and O'Leary, 2000; Paci, 1994) and the major reason for family travel trips (Mason, 1987). VFR comprises a considerable number of international travels, especially for countries with 'a strong immigration tradition' (Paci, 1994; Seaton and Palmer, 1997). In addition, Hay (1996) and King (1996) propose VFR travel is developing more quickly than other forms of travel in mature travel destination such as the UK. VFR market is used to be neglected in both tourism marketing and academic research (King, 1996; Morrison and O'Leary, 1995; Seaton, 1994), Moscardo et al. (2000) point out the view has been changed, instead, there's a rising trend to notice the increasing market. It is reported that VFR accounted for a large portion of 42% of all domestic trips in British tourism (Denman, 1988). Up today Seaton and Palmer (1997) found that VFR market is becoming a rapid growing category in UK tourism industry. Research shows international VFRs to the UK grows 18% from 1998 to 2002, and it is the only category that not be affected

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Global Issues in the Aviation Industry

ENVIRONMENTAL ISSUES IN AIR- TRANSPORT INDUSTRY GLOBAL ISSUES IN THE AVIATION INDUSTRY SUBMITTED BY: SUBMITTED TO: SONIA GEORGE MR. BABA YERA MBA 0883 MBA (AVIATION MANAGEMENT) COVENTRY UNIVERSITY CONTENTS I. INTRODUCTION............................... 03 II. AREARS OF CONCERN..................... 04 . Climate Change -CO2 emission.......... 04 2. Radio Active Forcing........................ 06 3. Local Pollution .............................. 07 * Decrease in Air Quality................ 07 * Noise Pollution........................... 08 III. RECOMMENDATIONS.................... 09 IV.CONCLUSIONS............................... 11 V. REFERENCES................................. 12 Introduction The aviation industry has been growing at an extreme rapid rate and it looks as if future growth may be even faster. Up until recently, the industry had little impact on the climate system but, as it is an extremely fast growing energy consumer, it is assumed that air transport will be an important factor governing climate in the future. According to the Inter Government Panel of Climate Change the aviation share of CO2 emission globally is currently 2% which is forecasted to grow by 5% in

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Travel Development - The Tourist System and Blackpool

OLFCS1034 Travel development Assignment task 2 The Tourist System and Blackpool Nicola Smith For the attention of Steve burns Travel Development The Tourist System and Blackpool In this essay, it will discuss the basic whole tourist system (Leiper, 1995) and how it interrelates with a popular seaside resort in Northern England. Blackpool, since Victorian times, has been the holiday centre for the North of England and the industrial holidays in the textile mills of Lancashire. It saw a massive influx of people looking for relaxation and entertainment - a change from the harshness of their working lives, with Blackpool being a working class region. Far from suffering financially as fashions changed and people began to opt for foreign travel in the 1960's, the pleasure beach, one of Blackpool's most popular tourist attractions, has always moved with the times. Thus, proving that Blackpool is one of the most modernised seaside resorts in England and the largest in Europe. Statistics show that Blackpool attracts over 17 million visitors each year with expenditure of £545 million; the industry also provides direct and indirect employment for over 29,000 people. (Blackpool in the North West (Coastal Resorts Initiative Survey Statistics 1994) Leiper's basic whole tourist system is composed of three main parts. The traveller generating region, this

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Cross-Cultural Communication

Cross-Cultural Communication John P Jared BUS 600 Dr. Orlando Rivero, DBA, MPA June 15, 2009 Understanding cultures and people's background with greatly enhance someone marketability and future success with people worldwide. Individuals communicate in many variety of ways based on where individuals where raised, education, and exposure to other cultures. Individuals need to do some research about the country and the country's culture before traveling in that country or interacting with others. If individuals do not do the proper research of other people's culture, this will cause frustration between both parties because the individuals will not reach the full potential of the interactions or endeavors. Poor cross-cultural communication causes misunderstandings and decreased productivity. Knowing about people's culture will help individuals have a broader sense of thinking and behaving. There is no one correct way to communicate and each culture should have everyone respect. Here are a few examples that will provide how people communicate in others countries or culture. According to O'Rourke (2007), In Hungary, men walk on the left side of women or people of high importance. It consider abrasive to ask a man about his family or wife in the Middle East. In South America, everyone expects to be late. No one ever expects anyone to show up on time for schedule

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  • Level: University Degree
  • Subject: Business and Administrative studies
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To evaluate Marketing Plan of the Dusit Thani hotel Thailand

To evaluate Marketing Plan of the Dusit Thani hotel Thailand .0 Introduction .1 The relationship of Hospitality and Tourism Technology has developed which making social life more modern and also helping people to communicate and transport much more easily in the same or different countries in the world. In 2004, more than11.4 million room nights had booked online in order to do their business or visited internationalized (www.hotel online). In fact, the movement from their place to other place with scenery, entertainment, and services to reach their needs and wants (Franklin, 2003) leading to the growth of the tourism and the hospitality. Both tourism and hospitality have been an important tool used to increase the economy of globalization, creating employment, enhancing a nation's tax base, and generating foreign revenue (Fridgen, 1996). Tourism focuses on the economic, environmental, social impact sectors while the hospitality focuses on the business service sector such as hotels, restaurants, conventions, and airlines in order to service travelers (Chen and Groves, 1999). Hence both tourism and hospitality have a role to develop the society, the environment and enhance business activities so as to gain long term global benefits. .2 The tourism and hospitality marketing concept Tourism and hospitality has become one of the world's major industries which hoteliers need

  • Word count: 6860
  • Level: University Degree
  • Subject: Business and Administrative studies
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Travel as a physical impact on the Environment

ENVIRONMENTAL ISSUES Travel as a physical impact on the Environment Was written in 2007 by Hajnalka Andrea Nagy (0706338) for Professional skills (BS 1107), tutor: Miss Marie Nolan The document contains 1214 words Executive summary In this report the importance of environmental issues is highlighted in relation with the travel and transport industry. There are some external factors that influence the travel industry and it is explained how they affect the environment. It is also highlighted that being environmentally conscious will be more beneficial for businesses on a long term basis. The aim of this report is to help decision makers in the travel and transport industry in their further decisions balancing appropriately between giving priority to environmental issues and making bigger profits over spoiling the environment. The report contains gathered data of different kinds of sources from government reports, market intelligence such as Mintel and Keynote reports, to BBC publications and national statistics. On-line articles like The Independent, The Guardian, The Observer and Financial Times provided additional information for being up to date. The key findings of this report are that although there are some negative environmental effects - by the usage of old vehicles and the increasing number of flights - that the travel and transport industry inflicts; on

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  • Level: University Degree
  • Subject: Business and Administrative studies
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The airline industry has recently seen a huge decrease in profits. This report will endeavour to look at the external factors that have unleashed such an unexpected phenomena.

TITLE: LoNGPEST Analysis of the Airline Industry ORIGINATOR: Gemma Alger 000224658-9 DATE: March 2003 INTRODUCTION The airline industry has recently seen a huge decrease in profits. This report will endeavour to look at the external factors that have unleashed such an unexpected phenomena. FINDINGS The external environment can have a huge effect on a business, an analysis that can be used to asses this is called PEST. PEST separates these external factors into 4 main categories: Political, Economic, Socio-cultural and Technological, it then assesses the individual elements looked at in each category (Appendix 1) (Mullins, 2002). A second dimension to PEST analysis, divides the categories further. These levels are Local, National and Global (LoNG). The local level relates to the immediate area in which the organisation operates, the national level is the country in which the headquarters is based, and global meaning anything outside the above levels e.g. worldwide. If an organisation has global external influences, it is correct to say that it operates in more than one country. When a company is operating in more than one country or continent, the rules and regulations increase dramatically. Not only is the company regulated by domestic laws it must comply with trading regulations within the countries which it operates (Capon, 2000). Since September 11th, the

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Authenticity Berlin

Titelpage Table of content Introduction This report has been written as results of research before and during the fieldtrip in Berlin. It will focus on the theme of this case, namely authenticity, commodification and their relationship with tourism. The aim of this report is to find an answer to the problem statement: "In what sense can the tourism product of Berlin be considered as authentic?" Therefore five research questions were given and will be dealt with in this report. The first research question is "What are the definitions of authenticity and commodification, and what is their relation to tourism?" The second research question "What is considered to be the tourism product of Brussels?" will give a short overview of the main tourist hotspots in Berlin. Moreover the question "In what way is authenticity used in advertisements and marketing?" and "What are examples of co modified culture in Berlin?" will be answered. The last research questions "Do tourist's experience the 'authentic Berlin' will focus on the results of interviews which have been conducted during the fieldtrip in Berlin. Finally, the answer to the problem will be given in the in the conclusion as well as a short summary of the main points with reference to the research questions. 'Authenticity' and 'commodification' in relationship with tourism Within the tourism industry the term

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  • Level: University Degree
  • Subject: Business and Administrative studies
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The report is about event tourism and it will be discussing the definition of both the event tourism and the event management. The report will also be focusing on the different typologies of event tourism, the links between the event and tourism, the impa

Event tourism Content Introduction .................................................................................................................3 Definition of event management ..............................................................................3 Definition of event tourism ........................................................................................3 Links between tourism and events ...........................................................................3 Typologies of event .....................................................................................................4 What makes event special ..........................................................................................4 Comparison of positive and negative impact of events.........................................5 Definition of mega event with example of some mega events........................5-6 Conclusion.................................................................................................................6-7 Reference list ..........................................................................................................8-9 Introduction The report is about event tourism and it will be discussing the definition of both the event tourism and the event management. The report will also be focusing on the different typologies of event tourism, the

  • Word count: 1598
  • Level: University Degree
  • Subject: Business and Administrative studies
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