Business Administration - Assignment PDF
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Added on 2021-01-02
Business Administration - Assignment PDF
Added on 2021-01-02
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BUSINESSADMINISTRATION31
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11.1 Explain any budgetary or policy constraints relating to business travel or accommodation11.2 Describe financial arrangements relating to business travel or accommodation.............21.3 Explain how to make arrangements for visas and related foreign travel documentation.21.4 Describe the procedures for obtaining or exchanging foreign currency..........................32.1 Identify different suppliers that are capable of delivering the services required withinbudget.....................................................................................................................................42.2 Recommend travel or accommodation arrangements that best meet the requirements...42.3 Recommend suppliers of travel or accommodation that best meet the requirements......53.1 Confirm the requirements for travel or accommodation..................................................53.2 Agree arrangements that specify any limitations, prohibitions or responsibilities and whichmeet the requirements.............................................................................................................63.3 Prepare and issue itinerary/schedule documentation that reflect agreed arrangementsaccurately................................................................................................................................63.4 Obtain travel or accommodation documentation within the required timescale..............63.5 Confirm the acceptability of payments to be made within the limits of their own authority................................................................................................................................................73.6 Keep up-to-date records of travel or accommodation arrangements and agreedcommitments..........................................................................................................................73.7 Adhere to organisational policies and procedures, legal and ethical requirements..........7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9.......................................................................................................................................................10
INTRODUCTIONBusiness administration is the wide sector which consist with various types ofmanagement positions. There are different major corporation related to independent business, inthis every business operation required skills and knowledge in order to gain success and growth.It is consist with management and performance of business operations and make appropriatedecisions. An organisation people and other resources are perform direct activities and functionsfor attaining set goals and targets (Ariani, 2013). The report is based on Thomas cook which isinternational travel company and it is related to tour and travel for operating hotel industry. Themain purpose of this assignment is to understand budgetary policy of business travel andaccommodation. It will identifying various suppliers and process of exchange foreign currency,arrange visa and manage travel tour documentation. Also it determine the limitations andresponsibilities to meet with all major requirements and issues related to schedule evidences. MAIN BODY1.1 Explain any budgetary or policy constraints relating to business travel or accommodationBudgetary policy consist with all the combination which are associated with travel andaccommodation sector. Select customers on the basis of Income - The main constrains analysed that companyselect customers as per their income and revenue level. It is depend upon user preferences andchoices which includes business travel and accommodation services that they are selected(Eriksson-Zetterquist, Kalling and Styhre, 2015). In business travel, they are try to eliminatesuch budgetary constraints which are directly affect while selecting consumers. Thomas cook aredevelop plans which directly attract customers and they are providing maximum allowances onfood, fixed cost of the hotel services as per the guest needs or demand. Along with this suchpolicies assist business travel and accommodation in proper manner. Budgetary constraints aredemonstrated by chart, graph which represent the budget constraints that directly affect onbusiness tour and travel services. Offer services and facilities as per customers demand - At the time of travelling,Thomas cook are offer best hotels and accommodation services which are appropriate as pertheir guest income level and it includes room cost, food price and extra charges when they arebooking (Wheeler and et. al 2014). These are useful in reducing constraints and also attract large1
number of customers towards company products and facilities. By decreasing such constraints, itis necessary for them is to provide particular agent from an organisation who are taken actualprice. Sometime they are take extra commission and offer high price products and services inbetter manner. There are various reasons which are face by firm and they are not providetravelling to much for their consumers. It directly affect to business in respect to business traveland accommodation. 1.2 Describe financial arrangements relating to business travel or accommodationFor surviving in the business travel and accommodation, there is requirement of financialservices because this is necessary for smoothly run of business operations (Kabungaidze,Mahlatshana and Ngirande, 2013). In Thomas cook, funds and capital assist in expandingbusiness at international level. While beginning the company, they are not getting loan in easyway so they are required any authorisation which are provide effective security and safety at thetime of return the loan. Thomas cook collect and gather all revenue receipt for further enquirybecause they required this at any time. When firm has taken loan from bank so they are makecontact with bank manager for identify issues regarding credit cards. After that they are openbank account as named travelling account which are provide various advantages to the customersin proper manner. They need to provide guest accommodation services which are required more funds orfinance and such type of arrangement are useful for Thomas cook. In business travel and tourcompany, they are face various issues related to time which are promise while return the loanamount in given time period. Then they have maintain and arrange such arrangement which areuseful to pay capital to bank on specific period of time. There are various sources of funds whichcan be used by company while taking loan such as bank, investors and capitalist and so more. 1.3 Explainhow to make arrangements for visas and related foreign travel documentationA visa is the permit which are given by country government that allow someone to gotowards another nation. A visa is legal document that is stamped on individual's passport by anembassy by which they can easily move one country to another (Clermont, Dirksen andDyckhoff, 2015). It is required for a person while travel in another country is that they neededvisas which develop on the basis of travelling within given time period. There are various typesof visas which issue by immigration officer at entry point. Such as (1) single entry visa; in whichthey are provide visa to travel for one time, (2) business visa; it allow people who really required2
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