Corinth Hotels PLC is a successful hotel group with a chain of hotels throughout the UK. As part of an expansion and diversification programme the group has acquired a travel and holiday booking company and proposes to expand its operations to include road, rail and travel booking and all types of holidays at home and abroad. The Directors of Corinth are anxious that the new business is operated as efficiently as possible and that all necessary information is available so that informed planning and decision making can take place and current activities can be monitored and controlled. Questions: 1) Describe what external information the new business should try together and how this would help planning and decision making. 2) Give details of what information would help to monitor and control the new business 3) Describe in outline the managerial and reporting relationships between the management of the new business and the Board of Corinth Hotels PLC..