Exam (elaborations)
Travel and Tourism Test #1 Questions With Verified Solutions
- Course
- Institution
Travel and Tourism Test #1 Questions With Verified Solutions...
[Show more]
Content preview
Travel and Tourism Test #1 Questions With Verified SolutionsTourism - Answer The temporary movement of people to destinations outside their
normal places of work and residence, the activities undertaken during their stay in those
destinations, and the facilities created to cater to their needs
Visitor-Service Industry - Answer Another suggested term for tourism
Physical Geography - Answer Study of natural features of region
Human Geography - Answer Study of a region's cultures and peoples
Regional Geography - Answer Combination of physical and human geography
Marketing Mix (the 4 Ps) - Answer Product
Price
Place
Promotion
Marketing Concept - Answer Organizational philosophy centered on understanding and
meeting the needs of customers
Market Segmentation - Answer Process of grouping consumers into segments
characterized by common traits and needs
Marketing - Answer The planning, organizing, directing, and controlling of present and
future actions to accomplish organizational goals
, Business - Answer An organization operated with the objective of making profit
Profits - Answer Revenues in excess of expenses and used as a measure of performance
Primary Building Blocks to Measure Financial Success - Answer Margin
Turnover
Leverage
Margin - Answer Amount of a sales dollar remaining after operating expenses
Turnover - Answer Number of times a dollar of assets has been used to produce a dollar
of sales
Leverage - Answer Degree to which debt is used
Return on Investment (ROI) - Answer The profitability of an organization
Recreational Tourism - Answer camping, amusement parks, hanging out with friends
Sports Tourism - Answer going to see a sporting event
Heritage Tourism - Answer visiting museums, cemeteries, and other historical sites
Cultural tourism - Answer going to play, concert, art museum, or festival
Eco-tourism - Answer canoeing, bird watching, wildlife viewing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76462 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now