The difference between Porter’s Five Forces theory

  Q1 What is the difference between Porter’s Five Forces theory and Porter’s Diamond theory. (10 marks) Q2 Using Table 10.2 in Chapter 10 of Vanhove compare the Balance of Payments in the United Kingdom with your country and examine the impact of Tourism on both countries. (10 marks)   Q3 What are Middleton’s Determinants of Demand and identify 3 that you consider to be the most important to analyse for a hospitality or tourism business. (10 marks) Q4 Outline the main characteristics of products and services and identify how both concepts impact the hospitality and tourism industry in 2021. (10 marks) (10 marks) Section 2 -- Q5. Table 3.14 in Chapter 3 of Vanhove, shows Net Holiday Propensity per Country identify the issues that could influence Tourism Demand in the future. (10 marks)         Section 3 - Q6. Referring to the Richie & Crouch Conceptual Model of Destination Competitiveness in Chapter 6 (fig 6.5). Choose a destination and examine how a management team could begin to improve the competitive advantage of the destination and convince local and national government to support any future improvements? (30 marks)   Section 4 - Q7. What is the Circular Flow of Income and how can it create a multiplier effect within the Hospitality and Tourism sector of an economy? (20 marks).