Michelle DS. Nene BS HRM Reflective Journal Being a student of Hotel and restaurant Management‚ it is required for us to study and take Principles of Tourism class. Since this is my first reflective journal‚ let me share to you my initial experiences. At first‚ I have no idea what to learn and encounter here in this subject. But when I had the chance to meet and see Ma’am Fe‚ our instructor‚ with the help of her explanations and orientation about TC1‚ I began
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What is Tourism? 1. Tourism is the temporary movement of people to destinations outside their normal places of work and residence‚ the facilities created to cater to their needs 2. The tourism and tourism sector is a broad range of economic activities and services‚ all-encompassing term which includes accommodation‚ catering‚ transport and ancillary services. It is multidisciplinary. Transport for tourism (MTR ‚ BUS) 1.Related to cost and speed 2.No direct intrinsic value 3.Cost rather than
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PRODUCT DIFFERENTIATION AND MARKET SEGMENTATION AS ALTERNATIVE MARKETING STRATEGIES WENDELL R. SMITH Alderson & Sessions decade the 1930’s‚ the work of D URING theRobinsonofand ofChamberlin resulted in a revitalization economic theory. While classical and neoclassical theory provided a useful framework for economic analysis‚ the theories of perfect competition and pure monopoly had become inadequate as explanations of the contemporary business scene. The theory of perfect competition assumes homogeneity
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Product differentiation is a marketing strategy that creates differences from other competiting products by focusing on its unique characteristics and features. The organizations target one market segment or the entire market by using this strategy. (Cravens‚ p110) The coca cola company has introduced Coke Zero as new product and focused to make it different from other products. The company has introduced Coke Zero to compete Pepsi Max and has become the most successful product in the history of
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Special Interests ____________ ____________ POL 110: United States Government November 29‚ 2012 Under Article I‚ Section I of the Bill of Rights‚ the Framers created a Congress‚ consisting of a Senate and a House of Representatives‚ that has the authority to make legislative decisions for our United States government. Congress has the power to make laws ‚ declare war ‚ raise and provide public money and oversee its proper expenditure‚ impeach and try federal officers‚ approve presidential
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Substitutes The power of substitutes is moderate and it actually depends on the impact of substitute products. Smart phones do wide variety of functions so any product that specialize In one of those individual functions can also be termed as a substitute. Buyer power Buyers bargaining power is high because of the following reasons: * More choice of products and very limited differentiation of those products * Elastic demand- demand is highly sensitive to economy * Less asymmetric information-buyers
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Introduction For my assignment‚ I have selected the article ’Tourism industry to get S$905 Million over 5 years’ by Ng Kai Ling of the Straits Times Newspaper as my newspaper article. The article indicates our Singapore government’s plan to allocate $905 million spread over 5 years to make our country even more attractive to tourists‚ with hope that the amount of visitations‚ the duration of their stays and their spending capacity of these tourists will increases. The article’s key themes are
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Environmental Product Differentiation: IMPLICATIONS FOR CORPORATE STRATEGY Forest L. Reinhardt roducers of toilet tissue‚ outdoor wear‚ tuna‚ beef‚ investment services‚ trash bags‚ and herbicides have recently positioned their products as environmentally preferable‚ with the idea of capturing a price premium‚ winning new customers‚ or both. Managers are looking for ways to reconcile their need to deliver shareholder value with intensifying demands for improved envirofimental performance. Perhaps
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MATH 102 – College Algebra Chapter 2 SPECIAL PRODUCTS AND FACTORING TYPES OF SPECIAL PRODUCTS Some products of polynomials can be solved without applying the distributive property. These cases of products of polynomials have been classified because of the special forms of the factors and can be obtained by applying the Special Products Formulas. Type 1: Product of Two Binomials (ax + by) (cx + dy) = acx + (ad + bc)xy + bdy 2 2 The product of a binomial by another binomial is obtained
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Pergamon Annals of Tourism Research‚ Vol. 21‚ No. 3‚ pp. 582-595‚ 1994 Copyright © 1994 Elsevier Science Ltd Printed in the USA. All rights reserved 0160-7383/94 $6.00 + .00 0160-7383(93)E0032-9 THE TOURISM PRODUCT Stephen L. J. Smith University of Waterloo‚ Canada Abstract: An industry is characterized by a generic product and production process. For tourism to be considered an industry‚ it is necessary to show that such a genetic product and process exist. This paper argues that they
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