PLEASE PROVIDE THE SOLUTION FOR THE FOLLOWING QUESTION STATEMENT BELOW.

Recent global developments have focused on climate change and the need for sustainability activities in business enterprise. With the onset of Covid-19, many businesses have been forced to alter their operations to respond the changing demand of its consumers. With this in mind, explain how changes in the external environment affects the Operations strategy for the Tobago Tourism industry.

Ensure you use they following external factors in your analysis:

(I) Changes in the price of oil and gas

(II) Water and air-quality legislation

(III) Fewer experienced employees in the labour market

(IV) Inflation

(V) Legislation regarding carbon emission and greenhouse gases. (20 marks)