Why is it just as important for small tourism/hospitality companies to conduct market research as it is
Question:
Why is it just as important for small tourism/hospitality companies to conduct market research as it is for larger companies?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Market research is crucial for all businesses regardless of their size and this includes small tourism and hospitality companies 1 Understanding the T...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Marketing Tourism And Hospitality Concepts And Cases
ISBN: 9783030641108
1st Edition
Authors: Richard George
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Hi there , I need help. for my work i need a relevant and well written introduction as well as conclusion to the following below. My work is complete i just need a introduction and conclusion please...
-
Job descriptions: In determining who will be responsible for what duties, you are to compile a Job description for the Assistant Front Office Manager, The Front Desk Agent, The Reservations Agent and...
-
1. The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary...
-
Consider the following alternatives: The analysis period is 10 years, but there will be replacement for Alternative B at the end of 5 years. Based on a 15% interest rate, determine which alternative...
-
Which of the variances computed under the two-variance analysis method is most likely to be controllable? Why? LO.1
-
What are the roles of comparative and competitive advantages in Hyundais success? Illustrate your answers by providing specific examples of natural and acquired advantages that Hyundai employs to...
-
According to Nielsens Television Audience Report, in 2009 the average American home had 2.86 television sets (more than the average number of people per household, at 2.5 people). If the standard...
-
Cullumber Corporation's Perfume division has a segment margin is $110000 for the current reporting period. Total assets at the beginning of the period were $825000 and $925000 at the end of the...
-
What is the aim of exploratory research?
-
Explain why tourism and hospitality organisations should conduct marketing research.
-
The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold...
-
My first run at a dissertation was on Dr. Martin Luther King, Jr. When I was very young he walked through my hometown of Albany, Georgia. My father accompanied him, more to protect him than anything,...
-
Question 2 are charged, and the charge on sphere Y is The X and Y dots shown in the figure are two identical spheres, X and Y, that are fixed in place with their centers in the plane of the page....
-
how do i get the residuel income please help in just need the cell formula in excel 2 Genmure Corporation is trying to analyze the results of three efficiency initiatives that were taken on the...
-
Harlow Appliance has just developed a new air fryer it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the below information: a. New...
-
Based on the business that you created a global strategy for in the week 4 discussion, determine a low-cost & differentiation strategy in an effort to remain competitive in the global market. Include...
-
How could PI be used effectively to facilitate systematic and efficient learning?
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
Distinguish clearly between a marketing strategy and a marketing mix. Use an e x ample.
-
Distinguish clearly between mass marketing and target marketing. Use an example.
-
Why is the target market placed in the center of the four Ps in the text diagram of a marketing strategy (Exhibit 2-4)? Explain, using a specific example from your own experience.
-
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume production wells owned by individuals and small...
-
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
-
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
Study smarter with the SolutionInn App