: Briefly explain each of the following statements.1. Tourism-related industries such as accommodation and restaurantsare more likely to able to exert price discrimination than other non-tourism industries such as automobile and pharmaceuticals.2. Hotels, which operate in a monopolistically competitive market,although providing a greatly similar service (accommodation) maygreatly differ in terms of their occupancy rates and profitability.3. Low-cost carriers, such as Fly Dubai, may be more beneficial to thedevelopment of tourism sectors at destinations compared to charteredflights likes OmanAir.

Competitive advantage is described as a group of factors that facilitates a business entity to…

Answered: : Briefly explain each of the following…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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4) Currently, David Chow is employed by a firm that conducts marketing research and creates ads for other companies that target and promote their products to the right markets. Who is David’s employer? A) a financial intermediary B) multinational company C) a marketing services agency D) a reseller
1. Identify and describe the type of international business of Sushiro. 2. Identify and explain ONE key factor prompted Sushiro to operate outside Japan. 3. Explain ONE key social or cultural factor affected the company’s international business activities. 4. Analyse and explain ONE key risk the company faced when it operates overseas. 5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.
Read the following text, and write a short title (1 - 3 words) which states the main topic The brand consultancy Interbrand publishes an annual list of the Best Global Brands, which shows that the worth of a brand can be much greater than a company's physical assets. For example, in the early 2000s, the value of the top ranked brand, Coca-Cola, was calculated at over $70 billion. Consequently, a company's market value (the combined price of all its shares) can be much greater than its book value - the recorded value of its tangible assets such as buildings and machinery. Brand value largely comes from customer loyalty: the existence of customers who will continue to buy the products.
Coca-Cola is a well-established consumer products company with a strong position in the global market The sales of its core soda products have remained relatively stable for decades, yet the company has continued to grow and has remained extremely profitable. Discuss Coca-Cola's history in light of the statement that "generating a steady stream of new products to market is extremely important to competitiveness." Does Coca Cola's success disprove that statement? Is the company an exception to the rule or an example of its application?
28-A new company has started its operations in UAE where the company is connected to various venders from Italy, Africa and America. As the company is operating in such a place which is famous of a business hub for the whole world, also is connected to the different part of the world therefore O a. The company should follow generally acceptable accounting principles O b. None of the options O c. The company must follow their own system of accounting O d. The company should follow international financial reporting standards
Malaysian based IHH Healthcare Berhad is Asia’s largest private healthcare group. Its portfolio of brands include Pantai, Gleneagles and Prince Court. The company operates in multiple Asian countries including Singapore, India and China and it has presence in Central and Eastern Europe as well. In March this year, IHH had proposed to acquire Ramsay Sime Darby Sdn Bhd for RM5.67 billion but the company later announced in early September that the bid has failed. QUESTION 1 (CLO2: Acquire relevant knowledge on factors related to and that had impacts on how business organizations function and operate in Asia) Use Porter’s 5-Forces model to analyze IHH’s competitive standing in Malaysia’s healthcare industry.
Cirque du Soleil ("Circus of the Sun" or "Sun Circus") is a Canadian entertainment company and is the largest theatrical producer in the world. Privately owned Cirque du Soleil, started in 1984 by a troupe of stilt-walkers from nearby Baie-Saint-Paul in Quebec, reinvented the circus. Believing people worldwide were ready for something different to make them happy, they abandoned traditional acts such as lion tamers and bearded ladies. Instead, Cirque du Soleil offered dramatic, exquisitely choreographed shows marked by mystery and intrigue. Likewise, unlike traditional circuses, Cirque du Soleil targeted adults rather than children. Today, Cirque du Soleil is now one of Canada’s most important cultural exports, employing 5,000 people at eight permanent shows in Las Vegas and at 12 other troupes that tour the world. In 2017, Cirque du Soleil’s gross revenue was estimated to exceed Canadian $1 billion—it does not reveal its profits. As with any cultural product in a globalizing world,…
You are the recently appointed expatriate manager of a subsidiary of a large multi-nationalenterprise, located in a developing country in Africa. Your first project is to re-negotiate acontractual agreement with a longstanding local supplier. However, you have been madeaware that the local supplier is in final discussions with a rival company to gain exclusiveaccess to the same materials, which are essential for your company’s production processand supply chain. Discuss how you would approach the negotiations with the local supplier.In your response, you should describe the five (5) stages of negotiation.
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Who’s to blame?A Southern African company, Selebeas Parts Pty Ltd was founded in 2000 by four business friends, who were retrenched from a well known car manufacturing company. They each specialized in different areas. Thomas was made the Chief Executive Officer because of his International business exposure and global network that he built up over the years. They decided to manufacture vehicle body parts and bought a declining factory. A few changes were made to get themselves into production.Thomas spent several weeks overseas sourcing contracts and was lucky enough to secure a huge contract with Nigerian Government in North West Africa to manufacture bonnets and doors for luxury Nigerian built cars.It will be expected to Nigeria until a subsidiary factory was built and staffed in Nigeria. This would put Selebeas on the road to success because it was a multi-billion rand contract. A South African expatriate would then be appointed as a General Manager, while ten South African…
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