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2. Would you consider working as a travel agent? Give three reason why or why not.
10. Give at least three reasons someone would choose to take a long distance rail journey.
11. In what significant ways might a foreign rail experience differ from a U.S or Canadian one?
12. Let’s say you’re planning to visit France and Italy and will be able to spend two weeks there. You’ve decided to do so independently because you don’t want to take a tour or a cruise. How would you personally choose to do it: by car rental, rail, or air? Explain your choice.
13.Discuss briefly the evolution of travel agency business.
14. Give at least one innovation introduced by Thomas Cook.
15. Explain the beginning of the establishment of modern travel agency in the world.
16. Look for at least (5) five examples of travel agencies and its tour packages
If IBM decides to finance non-current assets with long-term financing and current assets are
financed with short-term funds, which approach to short-term financing are they using?
1 The matching approach
2 The aggressive approach
3 The conservative approach
4 The precautionary approach
After much planning and deliberation, Kabelo and Hendrik decide to base their decision on
investing in cryotherapy on the net present value of the investment they would have to make in
order to purchase the cryotherapy equipment for Fitness gym. Their calculations determine that
the NPV for the cryotherapy equipment is R365 234. This means that Kabelo and Hendrik must
______________ .
1 contact a business consultant to assist with better decision-making criteria
2 reject the project and develop a new proposal
3 accept the project and install the new equipment as soon as possible
4 delay their decision until more information becomes available
Whilst drawing up the budget for the coming year, Kabelo decides to determine the break-even
point for new cryotherapy equipment. The fixed cost per year to maintain the cryotherapy
equipment amounts to R165 000. Kabelo estimates that the variable cost per session will be
around R30. If Kabelo and Hendrik decide to charge gym members R280 per session, how
many sessions will they need to sell if they want to break-even?
1 589
2 532
3 660
4 The break-even point cannot be calculated given the information above.
Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investigating the option
of investing in cryotherapy, a cold therapy that may reduce inflammation in tendons or joints.
Their investment would provide Fitness Gym members with equipment which may be used to
reduce post-exercise recovery times, at an additional cost. The addition of cryotherapy to the
gym represents a strategic service for Fitness Gym. Which one of the following statements
reflects the importance of capital-investment projects such as the example above?
1 The relative magnitude of the amounts involved.
2 The short-term nature of capital-investment decisions.
3 The operational nature of capital-investment projects.
4 The direct effect of the time value of money on capital-investment projects.
Francis has decided that during the first two years of establishing her design company, her
clothes will only be sold online via a friend’s website. This will reduce the cost of owning her own
store until she has enough capital to fund it. Which marketing variable is being described here?
1 Product
2 Place
3 Promotion
4 Price
Explain Woolworths leadership role in the distribution channel
Describe the operations transformation model to your team.explain the components of the model and apply each to the Jeans manufacturing process.
Channels of distribution for books have gone through a metamorphosis in recent years with the emergence of e-books, such as Amazon’s Kindle, Barnes & Noble’s Nook, or Apple’s iPad. Indeed, by mid-2010, Amazon.com reported that sales of books through its Kindle outnumbered its sales of hardcover books by a ratio of 180 e-books for every 100 hardcover books sold. Only paperback books still sold more units than e-books. But the e-book channel continued to grow rapidly to account for close to 10 percent of total book sales by the end of 2010. Do you think e-book channels will eventually totally replace conventional, physical book channels? Why or why not?
