|Managerial Economics | | | |UNIT -I | | | |[Pick the date]
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103-Managerial Economics OBJECTIVES: The course in Managerial Economics attempts to build a strong theoretical foundation for Management students. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available
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Contents Introduction 1 Defining tour operator 2 Effect of Current and recent trends and development on the tour operations sector 2 Tour operations sector 3 Holiday package 4 Audiences 4 Planning stages 5 Negotiation 7 Details of negotiation 7 Contracting: 8 Pricing details 8 Travel tour operators sell price 9 Brochure planning 9 E – Brochure 9 Appropriateness of E – brochure 10 A case study of Thailand E- brochure 10 Methods of distribution use to sell a holiday
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Economics for Tourism Quiz Question: What is a “zero-dollar tour”? How does it affect Thailand’s travel and tourism industry? Analyze the positive/negative effect and what should the Government do to? Zero-Dollar Tour Believed to be originated from Chinese media‚ the zero-dollar tour denotes a sort of inferior quality in China’s outbound package tours. Zero-dollar tours‚ or zero-based tour fares‚ are those where the tour operator allows tours without‚ or with very low fees. Thus providing no profit
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KEY CONCEPTS • managerial economics • theory of the firm • expected value maximization • value of the firm • present value • optimize • satisfice • business profit • normal rate of return • economic profit • profit margin • return on stockholders’ equity • frictional profit theory • monopoly profit theory • innovation profit theory • compensatory profit theory Managers‚ Profits‚ and Markets Chapter 1 How Is Managerial Economics Useful? • Evaluating Choice Alternatives • Identify ways
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Speaking Skills of Tour Guides * Speaking in front of a group is considered the most common fear. Qualities of a Successful Speaker * Enthusiastic * Natural * Comfortable with their audience‚ their topic and themselves * A spontaneous relaxed style draws listeners while an unenthusiastic or tense style drives them away “Nervous speakers make people nervous” How does a person overcome the fear of speaking before a group? Speaking at ease requires feeling at ease. * Preparation
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11 days Vietnam Amazing Study Tours Highlights Vietnam Study Tours Memorable : Visit Hoa Lu Ancient Capital Relaxing Fun Different Adventure Rewarding : Overnight on a cruise in Halong Bay : Water theatre puppets : Combine real education and real traveling : Riding basket boat! : Your money goes directly into microfinance funds to help the poor people you meet on the trip in Vietnam. Overview This 11 day program will provide a truly unique learning opportunity for students and researchers
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college students’ perceptions of their shopping consumer behavior (i.e.‚ in terms of socially conscious‚ environmentally friendly‚ saving money). 3. To determine the likelihood of college students purchasing GreenSheet. Problem Definition for Tablet Company: Managerial Problem: A computer firm is looking to get students more enthusiastic and attracted to its tablet product. Our client has
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D. Beaudoin & B. M. de Silva (2006). Optimal batting orders in one-day cricket. Computers & Operations Research‚ 33‚ 1939–1950. G. H. Wood (1945). Cricket scores and geometrical progression. Journal of the Royal Statistical Society‚ Series A‚ 108‚ 12–22. Received 14 January 2008 Accepted 2 March 2009 The Canadian Journal of Statistics / La revue canadienne de statistique DOI: 10.1002/cjs
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ISSUES IN ACCOUNTING EDUCATION Vol. 18‚ No. 2 May 2003 pp. 137ñ173 The Tallahassee BeanCounters: A Problem-Based Learning Case in Forensic Auditing Cindy Durtschi ABSTRACT: You are auditing the books of the Tallahassee BeanCounters (TBC)‚ a minor league baseball team in Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received
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