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What are the five main reasons why the travel and tourism industry is important in the United States?

lukranit [14]

Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎

Today, the business volume of tourism equals or even surpasses that of oil exports, ‎food products or automobiles. Tourism has become one of the major players in ‎international commerce, and represents at the same time one of the main income ‎sources for many developing countries. This growth goes hand in hand with an ‎increasing diversification and competition among destinations.‎

This global spread of tourism in industrialised and developed states has produced ‎economic and employment benefits in many related sectors - from construction to ‎agriculture or telecommunications.‎

The contribution of tourism to economic well-being depends on the quality and the ‎revenues of the tourism offer. UNWTO assists destinations in their sustainable ‎positioning in ever more complex national and international markets. As the UN agency ‎dedicated to tourism, UNWTO points out that particularly developing countries stand to ‎benefit from sustainable tourism and acts to help make this a reality

7 0

3 years ago

How do business intelligence tools present data from a data warehouse?

zubka84 [21]

Business Intelligence is the application of tools to improve the decision making and allows access to the information.

<u>Explanation:</u>

Business Intelligence collect the data and then analyse that data to interpret the next step the business should take in order to flourish.

Data Warehouse stores all the data which needs to be analyzed in a summary form for the organisation to quickly access it.

Data Warehouse is one of the steps of business intelligence which generate an accurate, aggregate data for the BI to analyze.

6 0

3 years ago

A manufacturing company budgeted for $1,240,000 in manufacturing overhead and expected 400,000 direct labor hours. Actual overhe

valina [46]

Answer:

a. Under applied by $9,000

Explanation:

Budgeted overheads = $1,240,000

Budgeted overheads = 400,000

Budgeted rate per hour = $1,240,000/400,000 = $3.10

Actual overhead = $1,200,000

Actual Hours = 390,000

Actual Rate per hour = $3.077

budgeted overhead for actual hours = 390,000 $\times$ $3.10 = $1,209,000

Thus, overheads under applied = Standard - Actual = $1,209,000 - $1,200,000 = $9,000

Since actual overheads are less than budgeted it is under applied in case it was more than budgeted then i would be over applied.

Final Answer

a. Under applied by $9,000

8 0

3 years ago

n the context of the strategies for selecting target markets, which of the following is a disadvantage of undifferentiated targe

algol [13]

Answer:

The correct answer is b. It makes a company more susceptible to competitive inroads.

Explanation:

Market segmentation is essential to know how is the public that makes up the market in which we are. There are a number of advantages and disadvantages of market segmentation that you should keep in mind, before venturing into such a study for your company.

Errors when establishing the segment

The first and main disadvantage of including market segmentation techniques is the wrong selection of a segment.

Keep in mind that if the company chooses a wrong market fraction, too small or irrelevant for the company's business, then the business will find it difficult to market its product.

Commercial Saturation Issues

Another drawback derived from this strategy is to enter a market segment in which there is strong competition and saturation. When we are about to create a company or product we must take into account the development possibilities we have in that market.

3 0

3 years ago

Which of these statements is true about a nonrenewable energy resource

gogolik [260]

Answer:

B. It is used up faster than it is made

Explanation:

Nonrenewable resources are largely fossil fuels that take millions of years to form. These fuels have high carbon content. These fuels include petroleum, natural gas and coal and others of the sort. Once they are used up it will take earth millions of years and natural processes over the years to replenish them thus, they are not easy to replace.

Hope that helps.

7 0

3 years ago

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