Module 4‚ Year 2013-2014 Group: SHMF/B Table of contents Introduction This report is part of the management report to be written during the module strategic hospitality management at Stenden University. It deals with the external environment of TUI. First a PESTEL analysis is executed in order to get an overview about the macro environment. From there the key drivers of change for TUI are identified and further opportunities and threats are extended. After the macro environment the
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TUI Travel PLC Market overview 2 business models: individualization and commoditization (best serve to changing needs). But How Does a Service Become a Commodity? Traditionally‚ services cannot be commoditized‚ as there are numerous variables that account for differences between the type and level of service offered by each provider. The commoditization of hotels started many years ago with the first rating systems. Companies like the American Automobile Association (AAA) and Mobil (now Forbes)
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TUI Porter’s Five force analysis of the tourism industry. Competitive rivalry Moderate Competitive Rivalry Global industry growth rate is 4.1% (UNWTO .2005 ) High fixed cost largely favours the incumbents Variation of sizes of incumbents The threats of Substitutes Low threats of substitutes Technologies (TV and Games ) could act as substitutes but cant replace travel. Low differentiation of product limits the substitutes. The bargaining power of the buyers
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CST 170-Ch 2 Lab Assignment Name:___________________________ Exercises 1. Explain why each of the following names does or does not seem like a good variable name to you. a. c – b. cost – c. costAmount – d. cost amount – e. cstofdngbsns – f. costOfDoingBusinessThisFiscalYear – g. costYear2012 – h. 2012YearCost – 2. Assume that cost = 10 and price = 12. What is the value of each of the following expressions? a.
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engineering uk MODULE 2 PHYSICS 1 MATTER ....................................................................................... 1-1 1.1 NATURE OF MATTER.............................................................. 1-1 1.1.1 Si units ................................................................... 1-1 1.1.2 Base Units.............................................................. 1-1 1.1.3 Derived Units ......................................................... 1-2 1.1.4 MATTER AND ENERGY
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Module 2 Exam Review -Please note the number in parenthesis is the lesson the answer can be found in./ 1. What is the study of motion called? (2.00) 2. All motion is relative to what? (2.01) 3. Define instantaneous and average speed and give examples. (2.01‚ 2.02) 4. Look at the graph below; be able to explain what quantity is the slope of a “Position versus Time” represents what the average speed for the first hour is‚ what distance is covered during each time interval‚ and what a horizontal
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Module 2 Exercises Problem 1: 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. ANSWER = TRUE 2. A process cost system is used when each finished unit is indistinguishable from another. ANSWER = TRUE 3. Companies that produce soft drinks‚ motion pictures‚ and computers chips would all use process cost accounting. ANSWER = FALSE -Companies that produce soft drinks and computer chips would all use process cost accounting
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The main objective of the paper is to critically analyse the operational activities in travel and for that reason the chosen company is Tui Travel. The paper will explain the operational activities of Tui Travel. Tui Travel is basically a British travelling group that was started in 2007. Tui Travel has now merged with TUI AG in order to become TUI group. This group is a company of opportunities for the customers‚ employees‚ and shareholders. Since the company is under one roof‚ all the companies
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Module 2 Homework Total Points: 40 Chapter 3 1) Unearned revenues are reported as liabilities on the balance sheet. True or False Answer: Unearned revenues are payments provided to a company before the goods or services are provided. Unearned revenues are liabilities reported on the balance sheet. 2) Colby Corporation has provided the following information: Operating revenues were $199‚700. Operating expenses were $111‚000. Interest expense was $9‚200. Gain from sale of plant and equipment
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Module 2 Homework + Answers Total Points: 40 Chapter 3 1) Unearned revenues are reported as liabilities on the balance sheet. True or False Answer: Unearned revenues are payments provided to a company before the goods or services are provided. Unearned revenues are liabilities reported on the balance sheet. 2) Colby Corporation has provided the following information: Operating revenues were $199‚700. Operating expenses were $111‚000. Interest expense was $9‚200. Gain from sale of
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