forces also influence the profitability of firms already in the industry. These five forces are summarized in the above diagram. (The fifth force is the degree of rivalry that currently exists among firms already in the industry.) Here are a few additional details about Porter’s model.1 1. Barriers to Entry Economies of scale mean larger firms can produce at lower cost per unit. This tends to lower the number of firms in the industry and reduce competition. Proprietary product differences are the
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Virtual Reality The definition of virtual reality comes‚ naturally‚ from the definitions for both ‘virtual’ and ‘reality’. The definition of ‘virtual’ is near and reality is what we experience as human beings. So the term ‘virtual reality’ basically means ‘near-reality’. This could‚ of course‚ mean anything but it usually refers to a specific type of reality emulation. So what is virtual reality? Answering "what is virtual reality" in technical terms is straight-forward. Virtual reality
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1Introduction to Tourism * 2. Learning Objectives Understand what tourism is and its many definitions. Learn the component of tourism and tourism management. Knows the benefits and costs of tourism * 3. Introduction Tourism is the leader in the production of new jobs. Tourism has developed an important part of the economic foundation of many countries. Growth rate of services sector faster than any other. * 4. Tourism – Myths and Realities Myths RealitiesThe majority of tourism in the world
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impacts of Hospitality and Tourism Industry of Maldives By Mauroof Zakir 2011 1. Introduction of hospitality and tourism industry of Maldives An island nation in the middle of Indian Ocean‚ consisting of 26 coral atolls dominated by over 90% of Sea and its situated in about 700 km south west of Sri-Lanka is so call Maldives. In total‚ these geographical atolls contain about 1‚190 islands of which only less than 200 are inhabited. In the Maldives‚ the tourism industry is identical with resort
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Below is a free essay on "Tourism in Nepal" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. Tourism in Nepal | | | | | ------------------------------------------------- Tourism in Nepal Nepal is a landlocked country located between the two giant countries‚ People’s Republic of China at the north and Republic of India at the south‚ east and west. With an area of 147‚181 square kilometers and a population of approximately 30 millions‚ Nepal is the
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BUSINESS TOURISM MANAGEMENT EA [pic] INDIVIDUAL REPORT Business tourism can be defined as a convention‚ in the sense of a meeting‚ is a gathering of individuals who meet at an arranged place and time in order to discuss or engage in some common interest. Business tourism industry is growing rapidly worldwide.Business tourism is having its own features which define it from the other types of tourism‚ and I would mention it in order to explain the importance of the industry
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14/11/2011 HERITAGE TOURISM & MUSEUM MANAGEMENT LESSON 2: TOURISM‚ HERITAGE & HERITAGE TOURISM (1st PART) Dr Christina Bonarou bonarou@gmail.com Alexander Technological Educational Institute of Thessaloniki‚ Greece Department of Tourism Management Definitions of tourism 2 All travel is not tourism. “Tourism comprises the activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business and other purposes
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3 1 Tourism in Singapore: An Overview of Policies and Issues Brenda S.A. Yeoh‚ Tan Ern Ser‚ Jennifer Wang and Theresa Wong The management of tourism in Singapore has undergone various changes over the decades. The adoption of different policies and strategies aimed at promoting and championing tourism in Singapore has been subject to socio-economic changes on the local and global fronts. A deeper understanding of the issues pertaining to tourism development in Singapore necessitates
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IGNOU4Ublog.com TS-1: FOUNDATION COURSE IN TOURISM (TUTOR MARKED ASSIGNMENT) Course Code: TS-1 /Programme: BTS / Assignment Code: TS-1/TMA/2012-13 ------------------------------------------------- Total Marks: 100 PART-I 1. What are the threats and obstacles to tourism in India? (Marks:25) Answer: Tourism industry is one of the booming industries that bring in knowledge‚ social development and economic growth. “Incredible India” a tourism campaign by the Indian government and the information
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Topic: Investigating the Language of Tourism Discourse in Thailand Travel Brochure Literature Review 1. Background Theory Tourism has become one of the most important businesses throughout the world and tourism discourse has become one of the most common public discourses‚ with millions of people taking part in its structure when entering a numerous of communicative situations. People‚ culture‚ landscape‚ history‚ traditions‚ and other social and natural entities have been offered and
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