LAMU CULTURAL FESTIVAL Case Study 1 “Describe the cultural product” Submitted at the IMC University of Applied Sciences Krems and Azerbaijan Tourism Institute by Lala Hasanova Submitted on: 25.12.2012 Content General Information 3 Lamu as a UNESCO’s Word Heritage 4 Lamu Cultural Festival as a cultural product 5 Lamu Cultural
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Hari Raya Festival Hari Raya Puasa will be celebrated by the muslims after one month of fasting. Me and family as a muslims‚ Hari Raya Puasa is a special fasting on the month from foods and drinks from Subuh until Maghrib . This festival will be celebrate for month either. In Malaysia‚ we can see the muslims early prepared for the becoming special day. They decorate their house‚ buying new clothes and making many types of food and cookies for the special day. The night before
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Party funding has been a controversial subject. On the one hand limitations to party funding would mean that parties would be constricted and possibly unable to spread campaign messages‚ but without limitation there is a danger of corruption through the promise of donation for political favours. For example‚ before the 2010 election‚ accountancy firms donated money to the conservative party in the hopes that in return they would be able to establish government contracts. Tony Blair was also involved
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2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
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net profit by 2015. The goal can be reached ONLY by changing and adapting the menu to a vegetarian one. Some loyal customers will be lost‚ because the veal cutlet sandwich will basically disappear from the menu by 2015. Nevertheless contribution margin is increased by giving advantage to products that have more contribution margin per limited resource. Analysis shows that vegetarian sandwiches are the future key success factors for the restaurants. Livoria cannot reach the 1.1M in net profit unless
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MEANING Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits. All the decision with respect to new projects‚ acquisition of assets‚ raising capital‚ distributing dividends etc are studied for their impact on profits and profitability. If the result of a decision is perceived to have positive effect on the profits‚ the decision is taken further for implementation
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The Frye Festival is an event that takes place on a private island known as Frye Cay in the Exumas. This place is about an hour from Miami and is only reachable to visitors by plane. In order to purchase ticket for this festival you must visit the Fyre Fetival’s website. This event is attended by thousands each year during late April and early May for a total of two weeks. It’s been said that this event is mostly attended by an all-star cast of performers‚ models‚ influencers as well as thought leaders
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The Pahiyas Festival is celebrated every year on May 15 in Lucban‚ Quezon. It is in honor of St. Isidore the Farmer‚ the patron saint of harvest. Lucban is marvelously situated at the foot of Mount Banahaw and the Pahiyas festival showcases a street of houses adorned with fruits‚ vegetables‚ agricultural products‚ handicrafts and kiping‚ a decoration made from rice flour‚ which afterwards can be grilled or fried for eating. The houses compete to be declared the best decorated. Tourists visit Lucban
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managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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