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Pricing methods used in the travel and tourism sector

Unit 2 Finance and Funding in Travel and Tourism Assignment Help - Unit 2 Finance and Funding in Travel and Tourism - Level 5 Diploma in Business
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Program: Diploma in Business

Unit Name: Unit 2 Finance and Funding in Travel and Tourism

Level: Level 5

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Task 1 Understanding the importance of costs, volume and profit for management decision making in travel and tourism

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

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.

Task 2 Understanding the use of management accounting information as a decision making tool in travel and tourism businesses

Task 3 Interpreting financial accounts to assist decision making in travel and tourism businesses

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

Task 4 Understanding sources and distribution of funding for public and non-public tourism development

Unit 2 Finance and Funding in Travel and Tourism is a core unit in the Level 5 Diploma in Business course. It covers the fundamental principles of financial management in the travel and tourism industry, including:

  • Financial planning and budgeting
  • Cost and volume analysis
  • Pricing strategies
  • Investment appraisal
  • Risk management
  • Funding sources

Assignments for Unit 2 Finance and Funding in Travel and Tourism may cover a variety of topics, such as:

  • Developing a financial plan and budget for a travel and tourism business
  • Conducting a cost and volume analysis for a travel and tourism business
  • Setting prices for travel and tourism products and services
  • Evaluating investment opportunities in the travel and tourism industry
  • Managing risks in the travel and tourism industry
  • Identifying and securing funding sources for a travel and tourism business

If you are struggling with an assignment for Unit 2 Finance and Funding in Travel and Tourism, there are a number of resources available to help you. You can talk to your tutor, classmates, or other professionals in the field of travel and tourism finance. You can also find a wealth of information online and in libraries.

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Lists of comments

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