A travel agency’s main function is to act as an agent‚ selling travel products and services on behalf of a supplier. Consequently‚ unlike other retail businesses‚ they do not keep a stock in hand. A package holiday or a ticket is not purchased from a supplier unless a customer requests that purchase. The holiday or ticket is supplied to them at a discount. The profit is therefore the difference between the advertised price which the customer pays and the discounted price at which it is supplied to
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{draw:frame} TRAVEL AGENCY MANAGEMENT HTM 1213 COURSE WORK INTRODUCTION {draw:g} MY COMPANY NAME: LOVE TOUR COMPANY SDN.BHD *SHARE HOLDER: 30% OF *BUMIPUTRA (MOHAMAND ALIZAH) TOTAL CAPITAL: RM 300‚000 LOCATION: PLAZA 393 *EMPLOYEE: TOTAL* 5 PEOPLE OFFICE SPACE: 200sq LOGO DESIGN *Reasons for the above design*: Red colou*r is love‚ passion. This color is very shinning and striking can attract customer.* And can boost our energy
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Research: Onsite Mystery Shopping 5. Problems: People and Processes 6. Solutions and Evaluation of Alternatives 7. Recommendations 8. Conclusion Executive Summary Customized Tours form an important part of the services offered by leading travel companies. Though the level of expertise in the group tours space is very good‚ customized tours because of their very complex nature‚ require a great deal of travel agent involvement. This requires competent and motivated travel agent workforce very responsive
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Porters 5 Forces Analysis of Apple ltd. 1. Industry Competitors There are a number of competitors for apple products on the market today. Android phones are in direct competition with i-phones‚ Microsoft software and operating systems are in direct competition with Apple’s Mac brand. Samsung is their major competitor in production of hardware such as smart phones‚ tablets and laptops. To respond‚ Apple has found a way to re-engineer a number of products focussing on design and usability to increase
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A WATER UTILITY CONCESSIONER PORTERS FIVE FORCES ANALYSIS 1. Rivalry among existing competitors- Low to Non-Existent. Since it is under concession agreement‚ there is no other water utility company that can engage any business similar to A Water Utility concessioner‚ unless granted by the government under special agreement and with full knowledge and approval of A Water Utility concessioner. 2. Threat of new entrants- Low to Non-Existent. Companies that may want to apply for the concession
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Porter ’s five forces is a framework for the industry analysis and business strategy development developed by Michael E. Porter . It draws upon Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Three of Porter ’s five forces refer to competition from external sources. The remainders are internal threats. It is useful to use Porter ’s five forces in conjunction with SWOT analysis (Strengths‚ Weaknesses
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Assignment # 1 Strategic Practice Exercise: (page #81) 1. Score each competitive force in the airline industry and provide a brief rationale for your assessment. · Rivalry Among Existing Firms: (High) When one major company in an industry makes a change in costs or services that could potentially increase their clientele‚ a major competitor almost always follows suit. Price matching is a prime example of that‚ therefore the threat is high. West Jet is one company that offers flights at a discount
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Could the tide be changing? Travel agencies play an important role within the UK travel and tourism industry. They are the retail arm of the industry‚ selling a wide range of holiday products and travel services to the public. Yet travel industry analysts have been predicting the death of the high street travel agent due to the ever-changing nature of distribution channels. Travel agents are the key intermediaries in the distribution chain whose main role is selling air‚ rail
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Indicators WEF’s T&T Competitiveness Report 2011 UAE ranked Regional rank –139 countries 30th 1st Destination Air transport – Government’s Marketing 4th support – 8thCampaign – 1st Rules & Affinity for T&T Regulations – – 25th 38th * 5. Key Performance Indicators MasterCard Index of Global Destination Cities 2011 Growth of Dubai ranked 9th – International 132 cities International Visitors – 6th. Visitors. 7.9m 17.3% Growth of International Regional Ranking InternationalVisitor Spending
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In today ’s dynamic and competitive business environment‚ survival‚ growth and profitability are the essence goals of all industries. Nowadays‚ Porter ’s Five Forces model is currently being adopted as the powerful management tool of choice by many organizations. The essence of this model is that it can help senior managers to make right decision and build and sustain competitive advantages in the organization level. This document presents the overview approach of Porter¡¦s five forces framework
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