This topic contains a solution. Click here to go to the answer

Author Question: What do we mean by developing a product based on a creative combination of elements? Provide ... (Read 29 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593

Question 1

Why is measuring economic impact so important?
 
  What will be an ideal response?

Question 2

What do we mean by developing a product based on a creative combination of elements? Provide examples.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wergv

  • Sr. Member
  • ****
  • Posts: 365

Answer 1

Governments in particular have choices as to spending. If they're going to spend money on a project, the expectation is that there will be benefits to the community in terms of job creation and higher profitability for local businesses. When it comes to building travel and tourism facilities like a convention center, new visitors should be attracted who will spend money on hotels, restaurants, and local attractions that will add to the local economy. Being able to measure such an impact will tell a government whether the investment was wise or not. Private companies are not concerned about the total impact of an investment, only their own profitability.

Answer 2

At times, a destination's amenities can be packaged around a theme leading to interesting promotions that can be marketed to individuals, tour operators, and travel agents. Examples include themed historic celebrations, anniversaries, or agricultural festivals.





 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

For a complete list of videos, visit our video library