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Pricing in tourism is influenced by several internal and external factors that determine the final cost of products and services such as tours, accommodation, transport, and packages. One major determinant is cost of production, including fixed and variable costs like staff salaries, transportation, marketing, infrastructure, and operational expenses. Organizations must set prices that cover costs and generate reasonable profit. Market demand _______ ____ ___ _______ ___ ______ ____ _____ _______ ______ ________ __________.
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