REC101 Lecture Notes - Lecture 3: Sport Chek, Goodlife Fitness, Earnings Before Interest And Taxes
8 Oct 2018
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Skiing industry: operating revenue rose 7% to reach million, operating profit margin decreased slightly from 4. 7% in 2011 to 4. 5% in 2012. Amusement parks and arcades: 2012: operating revenues rose 3. 3% from 2011, reaching . 9 million. Motivated by profit (not by causes, charity etc. ) Goal find responsive people that will pay. Prices and expenses are managed to turn profit, not to break even. Expected to contribute to economic well-being of community (e. g. jobs created, tax revenue generated: creating tax revenue can be reinvested. Economic impact is regarded with greater importance than social impacts (e. g. fitness opportunities: ex. goodlife fitness wants to provide fitness opportunities but also make money out of it (profit implications) Leisure products businesses: manufactures and providers of leisure goods and equipment, tangible things ex. Leisure services businesses: providers of leisure programs and experiences, ex. goodlife fitness, tour operators, wonderland, hospitality, entertaining, catering etc.
