GEO 802 Lecture Notes - Lecture 4: Telemarketing, Fixed Cost, Old American Company
17 Apr 2018
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Geo 802 week 4 february 5, 2018: range of industries: the tourism industry is made up of a range of separate industry suppliers, horizontal integration, vertical integration. Etc. hotels provide a play to stay and food: oligopoly. Refers to the bargaining power or the negotiating power of multinational companies that operate in the tourism centre: negotiate for discounts for their customers, negotiate with government to issue visas to customers, the role of the state. Government will provide subsidize for rent, and provision of infrastructure for the resort area. Financial incentives: low interest loans, government assistant for development, depreciation allowances for loans, labour supply. Unskilled labour forms a large part of employees. Role of public and private sectors in tourism and recreational resource provision. Private sector: less government interference in the market, privatization, free trade policies, government should eliminate tariffs and import and export duties.
