Travel and Tourism Organisations
Introduction
In this reports I will be learning about the types of commercial and non-commercial organisations within the travel and tourism industry. I will also be discovering how these organisations are funded and their prime business objectives. Finally I will be discovering how stake and shareholders expect their businesses to perform.
I will be completing this assignment in 3 tasks so I will be able to gain a general idea about all areas and cover the topic fully. My report begins with a bit of information on the public private and voluntary sectors of the travel and tourism industry.
TASK 1
The Private sector
This sector you will always find is privately owned directly or indirectly. These companies primary objectives are profit making only. Local examples like fitness first and UGC which are all privately run and make profit. There are 4 types of owner in the private sector and they are.
. Sole traders:- this is when a company or business is owned and run by one single person. This has the advantage of swift decision making and a lack of bureaucracy. However a sole trader is partially liable for the business when suffering financial trouble.
Introduction
In this reports I will be learning about the types of commercial and non-commercial organisations within the travel and tourism industry. I will also be discovering how these organisations are funded and their prime business objectives. Finally I will be discovering how stake and shareholders expect their businesses to perform.
I will be completing this assignment in 3 tasks so I will be able to gain a general idea about all areas and cover the topic fully. My report begins with a bit of information on the public private and voluntary sectors of the travel and tourism industry.
TASK 1
The Private sector
This sector you will always find is privately owned directly or indirectly. These companies primary objectives are profit making only. Local examples like fitness first and UGC which are all privately run and make profit. There are 4 types of owner in the private sector and they are.
. Sole traders:- this is when a company or business is owned and run by one single person. This has the advantage of swift decision making and a lack of bureaucracy. However a sole trader is partially liable for the business when suffering financial trouble.