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vocab 4
| Term | Definition |
|---|---|
| Baggage | travelers' luggage, but can also refer to intangible things like past experiences, feelings, or beliefs that affect a person's present life |
| CDC | provides health and safety information for international travel and works to prevent and control disease outbreaks that can affect travelers |
| Duty | something that one is expected or required to do by moral or legal obligation |
| Duty Free Port | a designated area, often a port or airport, where goods can be brought in from foreign countries without paying customs duties or indirect taxes, provided they are intended for re-export or for further processing that will result in export |
| Dynamic Packaging | the process of creating custom travel packages where customers can choose and combine individual components like flights, hotels, and activities in real-time |
| Embassy | a diplomatic mission, the official headquarters of an ambassador and their staff, or the building they work in |
| Exchange Rate | a relative price of one currency expressed in terms of another currency |
| Horizontal Integration | a business strategy where a company acquires or merges with another company that operates at the same level in the supply chain and offers similar products or services |
| Package Tourism | a type of vacation where travel, accommodation, and other services are sold together by a company for a single, fixed price |
| Passport | an official government-issued document that certifies the identity and nationality of its holder, allowing them to travel internationally |
| Tourist Destination | a specific place, such as a city, town, or area, that is known for and marketed to attract visitors for leisure activities |
| VAT | a consumption tax assessed on the value added in each production stage of a good or service |
| Vertical Integration | a business strategy where a company controls multiple stages of its supply chain, from the production of raw materials to the distribution of the final product |
| Visa | a conditional authorization from a government, typically a stamp or sticker placed in a passport, that permits a foreign national to enter a country for a specific purpose and duration, such as tourism, study, or work |
| World Health Organization | a specialized agency of the United Nations founded in 1948 to achieve the highest possible level of health for all people |
Created by:
Awarrior26