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algol13
3 years ago
14

How is tourism going to relief poverty in South Africa?

Business
1 answer:
babunello [35]3 years ago
8 0

Explanation:

As efforts to "make poverty history" build in the West ahead of the G8 summit, and the UK-sponsored Commission for Africa raises the continent in the British public's consciousness, tourism may be one of the ways in which development can be attained.

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swat32

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Physical goods or products usually have longer lead times than services (although not necessarily) but the main difference between them is that they can be inventoried.

For example, a company that produces chairs can produce chairs during the week and then store them in a warehouse. But if a hotel only rents 30 of its 50 available rooms today, it cannot rent 80 rooms tomorrow, only 50. A service by definition cannot be inventoried, or stored for later use.

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Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment.  Hope this helps!
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