100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Iowa Intro to Tourism and Travel exam 1 Questions with complete solution 2024 CA$18.72   Add to cart
Quickly navigate to
Preview
  2.  
  3. Lowa
  4.  
  5. Lowa

Exam (elaborations)

Iowa Intro to Tourism and Travel exam 1 Questions with complete solution 2024

 5 views  0 purchase
  • Course
  • Lowa
  • Institution
  • Lowa

Iowa Intro to Tourism and Travel exam 1 Questions with complete solution 2024 Iowa Intro to Tourism and Travel exam 1 Commoditize - correct answer The act of making a process, good or service easy to obtain by making it as uniform, plentiful and affordable as possible Solution: Differentiat...

[Show more]

Preview 2 out of 14  pages

Document information

  • August 30, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • iowa intro to tourism and travel exam 1
  • iowa intro to tourism and travel exam 1 questions

Written for

  • Lowa
  • Lowa

Seller

avatar-seller
Academia199

Reviews received

Content preview

Iowa Intro to Tourism and Travel exam 1
Commoditize - correct answer ✔The act of making a process, good or
service easy to obtain by making it as uniform, plentiful and affordable as
possible


Solution: Differentiate - make each product as specific as possible to the
individual buyer


Progression of Economic Values - correct answer ✔Commodity,
manufactured goods, service economy, experience economy


From undifferentiated to different and unique


The Experience Economy - correct answer ✔Value Added- input provided by
the customer
Time Spent- Pine and gilmore stress that the EE's distincive "method of
supply" is "sustained through time"
Participation- something happens IN the customer
P&G also stesses that MEMORIES are the durable take-aways from
experiences


Experience - correct answer ✔P&G- AN experience occurs when a company
intentionally uses services as the stage, and good as props, to engage
individual customers in a way that creates a memorable event


Hunnicutt- An experience that a customer is willing to buy = one in which more
value is added and input is provided by the customer

, Compound annual growth rate 1959-2009 - correct answer ✔TEE:
Employment Growth- 5.9%
GDP Growth- 16.75%


GDP of tourism - correct answer ✔US 7.6 trillion (10% of global GDP)


Jobs for tourism - correct answer ✔277 million jobs (1 in 11 jobs) for the
global economy in 2014


Key Facts USA for GDP - correct answer ✔Direct Contribution: 458 bn (2.6%
of total GDP) in 2014, expected to rise by 3.0% in 2015, and rise by 3.8%
drom 2015-2020 to 684 bn (3.0 % of total GDP) in 2025


Total Contribution: 1,402 bn (8% of GDP) in 2014. Rise by 3.1% in 2015 and
3.4% to US 2,028 bn (8.7% of GDP) in 2025


Key Facts USA for Employment - correct answer ✔Visitor Exports: generates
US$194.1 bn in 2014


Investment: in 2014 was US$144.3 bn or 4.2% of total investment


Tourism is- Page's formal definition - correct answer ✔the field of research
on a human and business activities associated with one or more aspects of
the temporary movement of persons away from their immediate home
communities and daily work environments for business, pleasure, and
personal reasons


Tourism common sense definition - correct answer ✔Essentially, a social
activity: it is about people traveling for whatever reason, to destinations away
from the places where they normally live and work; and their activities during

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$18.72. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

PHARM 1 JESS Pharmacology Test 1 Study Set (Set 2) Questions and Answers

Exam (elaborations) ·

(0)

DAANCE- Module 3- Anesthetic Drugs & Techniques WITH 100% CORRECT ANSWERS

Package deal ·

(0)

Package deal for All CIDESCO Questions and Expert Answers

CA$18.72
  • (0)
  Add to cart