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Iowa Travel and Tourism Final Exam With Verified Solutions New Update
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Iowa Travel and Tourism Final Exam With VerifiedSolutions New Update
The Transformation Economy - Answer Pine and Gilmore suggest there is one more
stage of economic development to go (TTE)
Economy based on changes in attitude, performance, belief, awareness, concern,
characteristics or some other personal dimension
The consumer becomes the product
The Progression of Economic Value - Answer
Economic Growth and Job Creation - Answer While Employment for commodities and
goods has slightly decreased: services, experiences, and transformation employment
have increased
Economic Growth - Answer 1959-2009 GDP annual growth
Commodities- 5.2%
Goods- 5.4%
Services- 7.2%
Experiences- 7.5%
Transformation- 9.2%
TTE Examples - Answer Health services fields are skyrocketing:
Smoking Patches
Jenny Craig weight loss
, Fitness Centers/Personal Trainers
Family and marriage counseling
Experiences that transform - Answer °Customer is product
°C0-creation (provider and Customer)
°Changes toward autonomy
°Prosumer
° Consumer takes "ownership of the means of production" gradually
Autonomy - Answer Skills grow, the experience improves with skill, interest grows
Freedom from outside influence and desires; independence
Prosumer - Productive and consumer are united in one. Distinction between work, that is,
productive activity, and leisure becomes unclear
Transmodern Tourism - Already leading the TEE, but has given an impressive showing in
the business of transformation
Industry has researched experience-based transformations during the past decade:
Empirical study on ways to understand how experience leverages on experience
Design for tourists those opportunities that achieve their objectives
TTE experience-product design - Answer -For a price, TTE, promises to change the very
being of the buyer, toward autonomy customer is the product
-Transformation involves a plan, a conscious purpose freely shared by vendor and
customer
-Transformations are gradual: Process made possible by a "series of experiences" that
build competencies, and hence experience-value -P&G
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