definitions

Question 1

what is domestic travelling

Answer 1

travelling within own country

Question 2

what is inbound travelling

Answer 2

travelling into a country for toursim purposes for instance travelling from uk to France

Question 3

what is outbound travelling

Answer 3

travelling outside your country and into another

Question 4

day visitor

Answer 4

visiting somewhere for a day

Question 5

what is leisure travel

Answer 5

travelling for enjoyment purposes such as holidays

Question 6

what is specialist travel

Answer 6

travelling for a wedding, honeymoon ect

Question 7

what is corporate travel

Answer 7

travelling for business purposes

Question 8

what is a shareholder

Answer 8

an owner of shares in a company/business

Question 9

what is a private limited company

Answer 9

a type of privately held small business entity

Question 10

what is a public limited company

Answer 10

a company that has offered shares of stock to the general public

Question 11

dividends

Answer 11

distribution of profits by a corporation to its share holders

Question 12

what is the difference between a tour operator and a travel agent

Answer 12

a tour operator puts together and plan the whole holiday/ package whilst a travel agent does none of this as just books and sells the package

Question 13

what is a sole trader

Answer 13

it has unlimited liability and is only owned by one person

Question 14

what are public and private limited company owned by

Answer 14

shareholders

Question 15

what are 3 ferry operators

Answer 15

Irish ferries, Brittany ferries, and northfolk ferries

Question 16

name two uk rail operating companies

Answer 16

London underground, great western railway

Question 17

what is a public sector organisation and what are the aims

Answer 17

it is an organisation owned by the government and the aims are to provide good services, educate, create loyal customers, attract new customers by creating new exhibits

Question 18

what is a scheduled airline

Answer 18

they run at specific times and specific routes companies such as British airways

Question 19

what is a charter airline

Answer 19

there customised to meet specific travel needs

Question 20

leakage definition

Answer 20

tourist income comes into a country but is not staying in the country an example of this could be when hotels import food and drinks from another country

Question 21

what is the multiplier affect

Answer 21

additional revenue, income or employment in areas as a result of tourism expenditure

Question 22

what are the different trade associations

Answer 22

ABTA, antor, aito, CAA, ATOL

Question 23

what is CAA and ATOL

Answer 23

civil aviation authority

Question 24

what is a legacy

Answer 24

money donated when someone has died for instance a will

Question 25

what is unlimited liability

Answer 25

if your business goes into debt you can loose your house, car ect

Question 26

what is limited liability

Answer 26

if your company goes into debt you can only loose the money you put into the business

Question 27

what is known as grey market

Answer 27

people over the age of 50

Question 28

how are voluntary sectors funded

Question 29

what is a horizontal integration

Answer 29

occurs when business buys another business at the same level in the distribution channel for example if a hotel chain buys an independant hotel

Question 30

what is vertical integration

Answer 30

when a business buys or merges with another business at a different level in the distribution channel