Tourism management Study guides, Class notes & Summaries

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer-Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer-Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer-Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - AnswerProfit What element is not present in a barter economy? - Ans...

Rapport van 29 pagina's voor het vak: Get Ready For Tourism Business. Voor de Tourism Business specialisatie van ITM. Gegeven in het 3e jaar van de opleiding.

Test Bank Marketing Management, 3rd Edition Greg Marshall Mark Johnston Contemporary Marketing 3rd Edition – Test Bank Chapter 1—Marketing: The Art and Science of Satisfying Customers MULTIPLE CHOICE 1. What utility does Cannondale create when the company combines aluminum and other components in the production of bicycles? a. ownership utility b. form utility c. place utility d. time utility REF: 5 NOT: AACSB Reflective Thinking | TB&E Model Marketing Plan 2. When you purchase concert ticke...

Which segment of the tourism industry includes lodging operations? - ️️Hospitality Which type of lodging operation offers its guests sleeping rooms, meeting space and complete food and beverage services? - ️️Full-Service An ala carte menu is one in which the menu items offered are individually - ️️Priced Which type of hotel is typically operated out of a converted home? - ️️Bed and Breakfast The US tourism industry is one of the top ten largest industries in - ️️4...

1 . Who is the best judge of service quality? A) staff members B) managers C) the owner of the service business D) the person receiving the service " the person receiving the service " 2. Which of the following is the BEST definition of good service? A) work done for others B) meeting customers' needs in the way that they want and expect C) matching employees' service expectations with the organization's service goals D) work that meets the organization's...

What is NOT historically correct regarding sporting events? correct answersThe modern sport industry has remained stagnant. During the 2010 Commonwealth Games in Delhi, how many athletes participated? correct answers6,081 What is the estimated revenue of the sports industry in the United States? correct answers$498 billion The rate of participation in sport by youth has continued to decrease. correct answersTrue The National Association of Sports Commissions offers a __________ desig...

Revenue Management Final Q&A 100% All Verified what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues - ANS--total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits - ANS--costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits ...

Business management 101 chapter 1-7 latest update graded A+ Business any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur a person who risks time and money to start and manage a business Goods tangible products such as computers, food, clothing, cars services intangible products, such as education, health care, insurance, recreation, and travel and tourism. revenue the total amount of money a business takes in during a give...

International Business : = Business that is carried out across national borders - includes trade and foreign manufacturing, service industry like transportation/ tourism/advertising, and retailing Foreign Business : denotes the operations of a company outside its home or domestic market (interchangeable with international business) international company : A company with operations in multiple nations T/F: No domestic firm is entirely free from foreign or international environmental fo...

Benefit of career in Hospitality ----------------------------------------------- - correct answer The industry offers more career options than most, the work is varied, there are many opportunities to be creative, hospitality and tourism is a "people" business, hospitality jobs are not 9 to 5 jobs, there are perks associated with many hospitality jobs What type of property offers the advantage of opportunities for advancement -------------- - correct answer Chain-affiliated property What...