This document explores the crucial decisions and considerations that tourism organization managers must make to ensure financial viability. It delves into the types of managerial decisions, particularly financing and investment decisions, and examines the different costs associated with various funding sources. The document also provides an overview of investment appraisal techniques, including break-even analysis, NPV, IRR, and payback period, highlighting their importance in evaluating investment opportunities. By understanding these concepts, managers can make informed decisions that optimize financial performance and contribute to the long-term success of their organizations.
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