Importance of costs and volume in financial management

Unit 2 Finance and Funding in TT Sector - Level 5 (BTEC Higher National Diploma in Business)

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Task 1

Report

Question 1 Explain the importance of costs and volume in financial management of travel and tourism businesses using Merlin Entertainments Plc. as your case study

Question 2 Analyse pricing methods used in the travel and tourism sector. You need to use examples from different types of businesses in travel and tourism.

Question 3 Analyse factors influencing profit for travel and tourism businesses using Merlin Entertainments Plc. businesses as your case study.

Task 2: Presentation

Task 3: Report

Question 1 Interpret financial accounts of The Restaurant Group (TRG) Plc. for the year ended 27 December 2015 showing at least two years performance (for example comparing 2015 to 2014).

Task 4: Poster

This assignment helps students to understand the different sources of finance and funding available to travel and tourism businesses. It covers topics such as the role of financial planning, the different types of loans and grants, and the importance of risk management. The assignment also includes a case study that allows students to apply their knowledge to a real-world situation.

The assignment is designed to help students develop the skills and knowledge they need to make informed financial decisions for their travel and tourism businesses. It is a valuable resource for students who are interested in a career in the travel and tourism industry.

Here are some of the key points that are covered in the assignment:

• The role of financial planning in travel and tourism businesses
• The different types of loans and grants available to travel and tourism businesses
• The importance of risk management in travel and tourism businesses
• The case study that allows students to apply their knowledge to a real-world situation

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