Travel and tourism final - Study guides, Class notes & Summaries

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

aice travel and tourism final

AICE TRAVEL AND TOURISM FINAL EXAM

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

Travel and Tourism Final Exam Questions & Answers 2023/2024 Tourism Planning - ANSWER-a continual process of research and development decisions to create and sustain tourism in a region Comparative Advantage - ANSWER-the benefits of one alternative relative to another Convention and Vistors Bureau - ANSWER-an organization whose mission is to develop tourism to an area by attracting both professional and leisure travelers Exchange Rate - ANSWER-the number of units of one currency nece...

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DTM3609 Assignment 8 (QUESTIONS & ANSWERS) 2024 - DUE 10 October 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... This Assignment draws on the content provided in Learning Units 2, 3 and 4. Part 1 Assume that you have started a successful business tourism company which specializes in organising conferences. You have recently been awarded a bid to host a prestigious travel and tourism ...

THM Final 1-4 A number of criticisms have been made about Butler's Destination Life Cycle model and these include that there is a lack of empirical support for the model and that the model is of limited practical use. - True Everyone agrees whether a particular tourism impact, such as creation of entry level jobs, is a positive or negative impact. - False One of the fundamental truths about tourism identified by McKercher is that tourism competes with other resource users and needs...

Part 1 Assume that you have started a successful business tourism company which specializes in organising conferences. You have recently been awarded a bid to host a prestigious travel and tourism conference, which will be held in Cape Town, South Africa, from 10 – 13 August 2025. Decide on any three different promotional tools to successfully market and promote the following: a. the business tourism company that you have started. (Marking Rubric for Promoting your business) to famil...

THM Final Exam Study Guide In this approach, organizations recognize that consumers have many options, try to communicate information to consumers about how their product solves the consumers' needs, stress quality, and emphasize consumer satisfaction. - Marketing Orientation Which of the following is the best response to the statement "tourism is an industry" - Strong disagreement since industries are defined by their inputs and its production functions while tourism is defined by ...