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Chapter 4
| Question | Answer |
|---|---|
| Baggage | personal belongings packed in suitcases for traveling; luggage. |
| CDC | enters for Disease Control and Prevention. |
| Duty | a moral or legal obligation; a responsibility. |
| Duty Free Port | a special port or zone where goods can be unloaded, stored, and re-exported without being subject to customs duties or most domestic taxes. |
| Dynamic Packaging | the official residence or offices of an ambassador. |
| Embassy | the official residence or offices of an ambassador. |
| Exchange Rate | the value of one currency for the purpose of conversion to another. |
| Horizontal Integration | a business strategy where a company acquires or merges with a competitor in the same industry to increase market share, reduce competition, and achieve greater economies of scale. |
| Package Tourism | a vacation organized by a travel agent, with arrangements for transportation, accommodations, etc., made at an 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. |
| Tourist Destination | a place, such as a city, town, or region, that is specifically visited by people for pleasure, sightseeing, or recreation. |
| VAT | a large tank or tub used to hold liquid, especially in industry. |
| Vertical Integration | the combination in one company of two or more stages of production normally operated by separate companies. |
| 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 Health Organization | a specialized agency of the United Nations (UN) that is responsible for international public health. |