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Travel and Tourism Test #1 Questions With Verified Solutions
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Travel and Tourism Test #1 Questions With Verified Solutions...
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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
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