Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

By combining knowledge from each of these perspectives, a basic understanding of tourism fundamentals can be developed. 1. Marketing concepts provide insights into why people

By combining knowledge from each of these perspectives, a basic understanding of tourism fundamentals can be developed.

1. Marketing concepts provide insights into why people travel as well as possible approaches to meeting their needs as they travel

2. Management concepts provide insights into the processes needed to meet societies' and visitors' current and future demands.

3. Financial concepts provide the tools needed to understand, design, and supply profitable levels of visitor services

A. Give a detailed explanation of the Marketing perspective

  1. What is Marketing Mix?
  2. What are the four "P's" of marketing?

B. Give a detailed explanation of the Management perspective

C. Give a detailed explanation of the Finance perspective

  1. What is "business"?
  2. Name at least three examples of non-profit tourism organizations
  3. What is the "Language of Business"?
  4. What are the three components of measuring financial success?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions

Question

Discussed HOW ICWGs control system interfaces.

Answered: 1 week ago