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ch 4 tourism vocab
| Question | Answer |
|---|---|
| Baggage | refers to the containers and personal belongings travelers carry, including suitcases, bags, and cases |
| CDC | Centers for Disease Control and Prevention |
| Duty | a moral or legal obligation; a responsibility |
| Duty Free Port | a geographic area, often a port or airport, where goods are exempt from certain duties, taxes, and tariffs, allowing for duty-free shopping for international travelers |
| Dynamic Packaging | the process of bundling various travel components like flights, hotels, car rentals, and activities into a single, customizable package with a real-time, combined price |
| Embassy | the official headquarters of a country's diplomatic representatives, led by an ambassador, in a foreign country |
| Exchange Rate | is the value of one currency in relation to another, determining how much of one currency you can trade for another |
| Horizontal Integration | a business strategy where a company acquires or merges with another company in the same industry and at the same stage of the supply chain to increase market share and reduce competition |
| Package Tourism | involves buying a combination of travel elements like transportation and accommodation from a tour operator for a single, inclusive price |
| Passport | an official document issued by a government, certifying the holder's identity and citizenship and entitling them to travel under its protection to and from foreign countries |
| Tourism Destination | a geographic area, city, or country that attracts tourists and is developed with attractions, services, and infrastructure to meet their needs |
| VAT | is a consumption tax placed on a product or service whenever value is added at each stage of the supply chain, from production to the final point of sale |
| Vertical Integration | a business strategy where a company controls multiple stages of its supply chain, from production to distribution, by acquiring or developing new operations |
| Visa | an endorsement on a passport indicating that the holder is allowed to enter, leave, or stay for a specified period of time in a country |
| World Heath Organization | a specialized agency of the United Nations that leads and coordinates global public health efforts |
Created by:
gsmith26