HTM 424 Management Assignment #6 Instructions: You are required to answer the following questions. You should save your answers in a Word document for submission. Please do not repeat the questions on your answer sheet. Instead, please list the answers numerically/ sequentially by simply utilizing 1, 2, 3, and 4. Each assignment must have a cover page listing your name, the name of the assignment, and the date. The cover page does not count towards the word count. For each assignment, you are expected to answer the assigned questions in your own words. Each assignment paper should be at least 250 words. Papers less than the required 250 words will get zero. This does not mean each question requires a 250-word response; rather, the total number of words for answering the questions must total more than 250 words. 1. Describe the income multiplier. How is it calculated? How does leakage affect it? Why? 2. How important is price in determining demand for travel? Is price a consideration for all travelers? Who is most likely to be affected by price changes? How can price be used to moderate demand i.e. how can it control demand? 3. What is tourism policy? Why is tourism policy important? 4. What is destination sustainability? What factors determine if a tourism destination is sustainable

HTM 424 - Management Assignment #6 Instructions: You are required to answer the following questions. You should save your answers in a Word document for submission. Please do not repeat the questions on your answer sheet. Instead, please list the answers numerically/sequentially by simply utilizing 1, 2, 3, and 4. Each assignment must have a cover page listing your name, the name of the assignment, and the date. The cover page does not count towards the word count. For each assignment, you are expected to answer the assigned questions in your own words. Each assignment paper should be at least 250 words. Papers less than the required 250 words will get zero. This does not mean each question requires a 250-word response; rather, the total number of words for answering the questions must total more than 250 words. 1. Describe the income multiplier. How is it calculated? How does leakage affect it? Why? 2. How important is price in determining demand for travel? Is price a consideration for all travelers? Who is most likely to be affected by price changes? How can price be used to moderate demand - i.e. how can it control demand? 3. What is tourism policy? Why is tourism policy important? 4. What is destination sustainability? What factors determine if a tourism destination is sustainable?