production possibility frontier; ✔ analyse the shape and the position of the production possibility frontier; ✔ understand the concept of productive efficiency. ■ Scarcity and choice In Unit 1 we saw how the study of economics was based around the issue of scarcity and choice. As consumers our wants are unlimited‚ but there is a limit to what an economy can produce because of a scarcity of resources. As consumers and voters we are‚ of course‚ interested in what an economy can produce. What an economy
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Introduction: General Overview The world internet is making this world smaller virtually but the airlines industry is the word which is able to make the world smaller physically. Air travel remains a large and growing industry. It facilitates economic growth‚ world trade‚ international investment and tourism and is therefore central to the globalization taking place in many other industries. In the past decade‚ air travel has grown by 7% per year. Travel for both business and leisure purposes grew
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CPA 117: GLOBAL STRATEGY & LEADERSHIP CASE STUDY: AUSTRALIAN BEVERAGES LTD (ABL) WHAT TYPE OF ORGANISATION IS ABL? Company Type: Australian Public Company‚ Limited by Shares * ABL is a listed company on the ASX (1996) * Commenced operations in 1937 * Moved into Non-CSD’s in 1984 starting with fruit drinks (acquisition of fruit juice manufacturer in VIC) * Entered milk market in 1990 (acquisition of manufacturing facilities from a dairy co-operative) * Entered snack food
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Introduction Nowadays‚ tourism‚ hospitality and events have grown to become an indispensable part of people’s life‚ this is an important chance for these industries to improve and develop the status. Furthermore‚ tourism‚ hospitality and events industries is typical experience which focus on customer’s experience based on mental and material progress which offered by supplier. As a manager of tourism‚ hospitality and events industries should learn about essence of industry and understand the interrelated
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convicts transported from Britain between 1788 and 1840. Free immigrants began arriving in the 1790’s (Walsh: 2001) The Industrial revolution which caused wide spread poverty and unemployment in Britain‚ as well as the demand for workers in the wool industry in Australia enticed more free settlers to Australia‚ followed by the Gold rush in the 1850’s of which the largest group of immigrants were the Chinese. The bringing in of Polynesian labourers to work in the sugar plantations of Queensland also contributed
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Represent the taxpaying citizens and their opinions. Organize tourism. Market tourism (international promotion of landmarks) Establish general laws‚ rules‚ regulations and environmental policies. Educate tourists about culture. • The tourism industry Been accused of: Being mainly concerned with short term profit‚ rather than long-term sustainable profit. Exploit environment. Do not raise awareness of tourists about sustainability. Owned by big transnational corporations Market destination(
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franchising in hospitality. What are the trend and benefit of such grouping Franchising as a concept can be characterized as one that has been subject to a wide range Of definitions resulting in a great deal of confusion. Franchising can almost be viewed as a stream of literature in its own right. http://hotelmarketing.com/index.php/content/article/top_10_hospitality_industry_trends_for_2012 The upcoming year is projected to be a better and brighter one for the hospitality industry‚ but what are
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Changing Role of Hospitality IT Hospitality Industry information management systems have evolved since the days of handwritten paper ledgers and hotel phone operators. Modern hospitality managers such as hotel and restaurant managers have powerful tools at their disposal‚ which enable them to gain a complete picture in regards to the organization’s financial and operational situation with the click of a few links. The demand for hospitality services has continued to expand throughout the course
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Representations of the "Australian Persona" Mateship’ A key element of what is presented to be the Australian character is that of camaraderie‚ base friendliness towards everybody‚ and egalitarianism‚ the belief that everybody is equal and should have the same opportunities‚ treatment‚ etc. as everybody else. As such‚ Australians are very supportive of democracy‚ compulsory voting‚ and are generally‚ in most cases‚ unprejudiced towards each other based on such trivialities as‚ for example‚ social
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ABSTRACT ------------------------------------------------- The purpose of this paper is to identify and describe the emerging business logistics strategies which have emerged in the market place over the last few decades and will remain dominant well into the better half of twenty first century. Analysis through this work will argue that the two strategic concepts‚ namely supply chain integration and cycle time compression‚ represent distinctly different yet complementary approaches to corporate
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