Word Count : 251

---

Financial leverage refers to the use of borrowed funds or debt to finance the operations and investments of a business, with the aim of increasing the potential return on equity. In the context of tourism management, financial leverage allows tourism enterprises, such as hotels, travel agencies, and tour operators, to expand operations, invest in infrastructure, or launch new services without relying solely _______ ____ _____ ____ _____.
_____ _________ _____ ________ ___ ___.
_________ __________ ______ _________ ____ _____ ___ _________ _______ _________ _______ ______.
_____ _____ ______ __________ ________ ______ __________ ___ ___ ________.
____ ___ ______ _______ _________ ________ ________ ________ __________.
________ _________ ______ _____ _______ ____ _______ ____ ___ _________ ________ _______.
_____ ________ _____ ________ ___ _________ _______ _________ ___ __________.
_______ ___ ______ _____ _____ ________ ______ _______ _________ ______.
_____ ________ __________ ______ _________ _________.
_____ ___ _______ _________ ____.
_____ ______ _____ ____ ______ ______ _________ _________.
___ __________ __________ ________ _____ _______ _____ _______.
_____ _____ ____ __________ _____ ___ _________ ______ ______ ______ ______ _________.
_________ _____ ______ _________ ___ _________ _______ _____.
______ _____ __________ ____ ______ _____.
_____ ___ ______ ________ __________ ____ ________ __________ ______ ___ ______.
_________ ________ ___ _____ _________ _____ ____ _____ ______.
___ _____ _____ ______ _________ ___.
__________ ___ _________ ____ _____ ____ ____ ________.
____ __________ ________ _________ ________ _____ _______ ____ ___.
_________ ___ ___ ______ __________ ________.
_______ _________ ________ _______ _____ ___ ____ ____ ______.
_________ ______ _________ ____.
Get Full Answer on WhatsApp