FOE_C02.qxd 1/15/07 14:45 Page 16 »2 The production possibility frontier (curve): the PPF or PPC The starting point in our economic analysis is to consider what an economy can produce. As consumers we may want many things‚ but there is a limit to what our economy can actually produce. This can be analysed using the production possibility frontier (PPF). In this unit we examine the factors that determine how much an economy can produce and the implications of different output decisions
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Introduction The tourism industry is rapidly becoming one of the fastest growing and successful industries‚ with revenue of recorded 693 million international tourist arrivals in 2001‚ reported by World Tourism Organization (WTO)‚ nevertheless its definition cannot be agreed on. Youell (1998; pg.9) presents a definition given by WTO in 1993 defining tourism as “activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure
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Schultz’s Growing Frustration On Schultz’s return from Italy‚ he shared his revelation and ideas for modifying the format of Starbucks stores with Baldwin and Bowker. But instead of winning their approval‚ Schultz encountered strong resistance. Baldwin and Bowker argued that Starbucks was a retailer‚ not a restaurant or bar. They feared that serving drinks would put them in the beverage business and dilute the integrity of Starbucks’ mission as a coffee store. They pointed out that Starbucks was
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Contemporary Issues in Hospitality & Tourism Administration Arlene M. Garrick Oklahoma State University‚ Stillwater September 29‚ 2009 Corporate Social Responsibility in the Hospitality Industry Introduction Corporate Social Responsibility (CSR) has progressively become known as a germane issue in the corporate world for the past decade. Making the world a better place‚ socially and environmentally‚ is a global accepted phenomenon. According to Porter
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Market segmentation in hospitality research: no longer a sequential process John T. Bowen William F. Harrah College of Hotel Administration‚ University of Nevada‚ Las Vegas‚ USA Explores development in market segmentation relating to hospitality and tourism research published between 1990 and 1998. The literature is divided into three sections: segmenting a market; market targeting and marketing positioning. Identifies new areas for research‚ deeper examination of segments‚ identification of difference
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In The Odyssey the reader learns about what the Greek people valued by learning that they valued hospitality no matter who you are‚ and lineage. The story shows the reader that if someone is found in a situation in which they do not know someone‚ the host should be hospitable and help the stranger with what he or she needs. Also‚ the idea that where someone comes from‚ who their father is ‚ and who is their family is determines how they should act and what they are like. The Odyssey Shows many examples
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Current issues in the hospitality industry Introduction: What are the main issues in hospitality industry? The issues were discussed at the last meeting of International Society __________(ISSC). Asking from the guest their shortage‚ they gave some problems necessary for them. Main part: Capital available‚ Emerging market‚ Technology‚ Travel permit residence. Capital available: Capital provides asset liquidity and enables the development of new hotels. Increasing institutional investment
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treat him like he is family‚ this concept is known as hospitality. In this epic poem this theme is constantly shown by some of the main characters and other characters too. Most forms of hospitality are good but at times there is also bad hospitality shown. Both positive and negative examples of hospitality exist in The Odyssey; Homer uses both these examples to suggest that good hospitality shows loyalty and nobility to others while bad hospitality shows that that person does not care about
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Hospitality--An Essential Trait “If I have found favor in your eyes‚ my lord‚ do not pass your servant by. Let a little water be brought‚ and then you may all wash your feet and rest under this tree. Let me get you something to eat‚ so you can be refreshed and then go on your way—now that you have come to your servant.” When two angels passed the door of Abraham’s tent‚ he immediately pleaded the men to stay at his place. He also brought water to wash the men’s feet and ordered the servant to prepare
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HOSPITALITY INDUSTRY AND THE MALAYSIAN COMMUNITY Hospitality industry is a broad category of fields within the service industry that includes lodging‚ event planning‚ theme parks‚ transportation‚ cruise line‚ and additional fields within the tourism industry. Besides‚ hospitality industry is the major industries in Malaysia which is one of the most interesting and challenging industries to work in and offers a wide range of job and career opportunities and an endless variety of places to work in
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