P1 – Describe the current business travel environment The Role of the Business Travel agent description: | The role of a business travel agent is to book accommodation and arrange the travel of business travellers. Also provide them with accommodation that provide business services such as meeting rooms as well as arrange them with transport from airport to hotel and any other events or conferences they have to go to. | Independent agencies description and organisation example: | An independent travel agent is an independent business, which is not part of a chain and is often managed by the owner and a small team of staff. They also include business travel agents that are often independent and they specialise in business market. Some of the agents provide only business travel whilst others provide both business and leisure to clients.
P & G focuses on strategies that are precise for the long-term well-being of the business and will convey total investor return and hold the spot in the top one-third of their industry group. . P & G also intends to deliver earnings per share growth of high single digits to low double digits and to create free cash flow productivity of greater than 90%. The company’s long-term economic targets are to grow organic sales up to 2% faster than the industry market growth in geographies and categories in which the organization competes. To achieve these strategic targets, P & G plans to achieve by improving and touching the lives of more consumers, in more parts of the globe.
Growth maximisation is where the firm’s main goal is to increase the size of the firm as much as possible. Some firms may have the objective to maximise revenue, this basically is when a firms aim is to achieve as high total revenue as possible and occurs when marginal revenue to equal to zero. Another objective of s firm may be a profit satisfaction, this is where a firm produces a profit which is deemed to be a reasonable level, which is satisfying to stake holders and is not maximising profit. The best example in a leisure market is a firm that has been recently set up and wants to survive so the first couple of years their target will be to make a profit and survive. If they try to maximise profit it would an unrealistic competition as
Discuss the extent to which firms in the leisure industry always seek to maximise profits. Profit maximisation is achieving the highest possible profit where marginal costs are equal to marginal revenue. This is what some firms in the leisure industry will seek to do, such as cinemas, as the business' main objective is to create high levels of profit. Profit maximisation can be seen on the graph at point MC=MR (the two curves cross). This is the point where profits are maximised.
AccessLine had already gone through one round of financing and were producing positive cash flows. With a strong product and positive historical performance, it makes AccessLine very attractive to investors. Question 2 How has AccessLine financed itself to date and why have they chosen this strategy? AccessLine’s initial financing was two-fold. McCaw Cellular Communications financed a fraction of the firm’s initial financing as a result of launching AccessLine’s product.
Investors find this information lucrative because the more expendable cash a company has the more likely they are to pay out in dividends for the stock holders.. Liquidity Ratios: Current assets are a business's total current assets divided by its total current liabilities. Total Current Asset / Total Current liabilities 1,971,000 / 116,290 16.949 = 16.9 Current Ratio- 16.9:1 or 17:1 (16.9 to 1 or 17 to
An example of this could be Virgin; a world-wide well known travel and tourism business which sells holidays and flights to customers. There are different types of private companies. The difference between them is in the amount of liability the owners have if the company goes bankrupt. Private limited companies issue shares that can be bought and sold only with the permission of the board of directors. If the
Running Head: UNIT 1 INDIVIDUAL PROJECT Sherryl Burris Unit 1 Individual Research Project - Preliminary Research Design August 26, 2012 Business proposals are made to increase profit, either by creating new products or moving into new markets, making changes in marketing, or to help business grow. Research is based on finding data and information to make decision making better. Formal research is based in theory, business proposals are based in making money. Both types will have introductions and conclusions, based on the proposal’s purpose. All formal research has a methods section, but this is not necessarily true in a business proposal.
“Business entities are distinct organizations in our society whose sole purpose is to increase profits for shareholders”(Kubasek et al., 2012, p. 192). Benji learned all about these types of companies when he attended Liberty University and now he is interviewing for a job with one of them. What Benji needs to realize is that as the narrative discussed not only will New Gen prey on the “fat and lazy” customers they also exploit their employees for economic gain. This aspect of New Gen is not alarming by itself, that’s why companies hire employees. This is symptomatic of a highly skilled corporate culture.
He is also a very wealthy and powerful man who comes to his money by bootlegging. We know in the novel that jay swell is in the business and that is how the relationship was formed. Jay models Meyers life buy attempting to become successful in the same way as him. Also, Jay relies on Meyer to even buy his clothes, therefor being able to have the proper attire to seem like a successful wealthy man. Buy not only mimicking meyer wolfsheims fashion of gaining money, but also his style in articles of clothing, Jay is assuring himself that he can attain the same position of wealth and power.