CBA is regards to be a abstract estimation tool because calculation of the cost and benefits can changed the choice of supporting data and assessment procedure. Sometimes, it is beneficial use when estimating the value of a business proposal for discussion (Margaret Rouse, 2011). The advantages of CBA are profitable because they facilitate complicated business decision by looking at the exceeding costs of benefits. Simplicity of CBA allows businesses to analyze projects of various types regardless of how dissimilar they are. The disadvantage of CBA are inaccuracies because analysis is being carried out by people and it often made mistakes.These mistakes include overlooking some costs which will give an incorrect figure of profits. These mistakes increased risks in the business and lead to inefficient decisions. CBA can assist Clipper Bay with estimating the net advantage of a project as benefits are harder to predict than expenses. Estimating expenses and benefits can give business an idea of the minimum amount of revenue another venture needs to create to balance the initial investment and set revenue objectives to make ventures profitable. Furthermore, it is valuable for choice making but the accuracy is restricted by the painstaking quality of costs and benefits. If a business neglects to perceive potential costs …show more content…
To sustain the viability of destination, eco techniques are currently being utilized by tourism suppliers to sustain the positive advantages of tourism, by reducing and minimizing the negative impacts it can have on destinations and host groups. Furthermore, destination leaders are utilizing formal planning procedures to sustain both the marketability of the destination and the quality satisfaction of its residents. Host groups can also increase numerous potential advantages from merging the ideas into sustainable practices. The historical approach is an analysis of tourism activities and foundation from a development angle hence it is not generally utilized. It requires innovations, their development or decline and changes in interest because mass tourism is a moderately recent circumstance so this approach has restricted