Unit 2 Travel And Tourism Report

Every organisation has aims and objectives that they need in order for their organisations outcome to be successfull.This depends on the organisation itself on whether it is part of the voluntary,private or public sector.An voluntary sectors purpose is to improve and enhance the value of society.it is sometimes reffered to the third party sector and known as the non for profit sector because their organisations are specially made for the society.The voluntary sector mainly have organisations that are registered as charities and operate on a non for profit making basis and employ staff or volunteers.The private sector is part of the economic sector which means that it is run by

Another business structure to establish is Limited Partnership, which is similar to the partnership with a slight difference where it formed with at least one general partner and one limited partner. The general partners have the same obligation as partners in a general partnership; however, limited partners have limited liability to the extent of their contribution. The advantage of this business formation is the limited personal liability for individual partners for the acts of another partner within the organization. It has the same tax consequences as a general partnership. One important positive aspect is management and control aspects of the organization could be divided or separated among partners. It’s shortcoming, a general partner is still personally fully liable for the debts of the business. If the limited partner wants to become active in the business, he/she may assume the personal liability obligation.

Sole trader Structure- A Sole trader has complete control over the company and Is usually only made up of one person, they decide what decisions are being made about partnerships, quantities and products being ordered etc.

The public sector is usually organisations that are owned and operated by the government. This includes federal, local, national, or municipal governments (cities, towns, villages, counties, districts, or metropolitan regions), depending on where you live. Privacy legislation usually calls organizations in the public sector a public body or a public authority.

|Official or public agencies |These agencies are operated by state or local governments and primarily financed by tax funds. Most offer home |

One thing that the government spends money on is Public Services, Central and local Government Agencies. Public services are types of services

A limited partnership allows its partners to restrict their liability to the partnership costs only to the ratio of their investment. The partnership has one general partner who takes full responsibility of the company’s costs, is the one who makes the critical decisions and control the business, in this case the limited partners do not participate in

Most small businesses tend to start out as sole proprietorships. These companies are owned by one person. This individual normally has the day-to-day responsibility for running the business. Sole proprietors own all the assets of the business and all the profits generated by it. They are also completely responsibility for any of its liabilities and debts. In the eyes of the law, you and the business are one entity.

A partnership is when there is a contract amongst two or more people to invest and run a business. Each individual partner has the equivalent responsibility and power to make decisions and manage the business. It is necessary each associate takes part in daily tasks of the business and share responsibilities between each other in order to develop a successful partnership. “The joint ownership concept that describes a business partnership gives it certain distinct advantages and disadvantages”. (Partnership advantages and disadvantages, no

Public sector organisations are usually owned by many members of the public who have shares in the organisation. Public sector organisation usually

A sole trader is an individual owner of a business. There is a risk vs reward system in place with sole trader as they reap all rewards in the form of revenue and profits but is also entirely liable for all the losses in the business.

For the partnership, it involves more than one player who is also involved in the business structure. The partners share all costs and profits after entering into an agreement that intends to share any commercial interests. The partners also contribute funds to start and operate the business as the starting capital. This means that there is a pool of experience and resources by the two and the partners share the taxes. The disadvantages of this form of

This chapter presents the research findings and its relationship with the literature review topics relevant to answer the research question. The findings show that CDS involves ET by having explored the activities and experiences included in the four realms of the experience model. This section will also discuss the motivations and interests of doing CDS as well as the relationship between secular and spiritual visitors and their use of social media.

The main aim of this project is to assess the impact of ‘tourism’ on the ‘economy of the world’& analyse it with a case study. I have taken Singapore as a country for analysis as its GDP is affected by tourism to the largest extent. How did tourism sector change/transform Singapore into a tourist hub. This includes various topics which are discussed below:

• Travel agents – using agents as a sales outlet for the tour operator’s holidays and agreeing commission payments and booking procedures.