Write short notes on the following: (a) SWOT Analysis (b) Fixed & Variable cost (c) Budgetary Control (d) Steps in decision making
(a) SWOT Analysis SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a strategic planning tool used by businesses to assess internal and external factors that can influence their success. In tourism, a resort may analyze its strengths (location), weaknesses (limited staff), opportunities (growing eco-tourism), and threats (seasonal demand). This helps in strategic decision-making […]