HTM I 5.01-5.02

Front

What is an example of "land" as a factor of production in Ella's tourism business?

Back

Beaches and mountains

Front

What is the role of labor in the hospitality industry?

Back

Providing essential services to guests

Front

Which factor represents capital in tourism?

Back

Tools, machinery, and buildings

Front

What economic indicator should Ben pay attention to regarding his travel budget? Options: Productivity rates, Exchange rates, Unemployment rates, GDP growth

Back

Exchange rates

Front

During which phase of the business cycle does tourism thrive? Options: Recession, Trough, Expansion and peak, Recovery

Back

Expansion and peak

Front

Maisy owns a small café in a popular tourist destination. What is a primary benefit of tourism for her business?

Back

Opportunities for growth and local engagement

Front

Melany is studying the impact of tourism on small towns. How can undertourism benefit local communities?

Back

Controlled economic growth and cultural preservation

Front

What is the phenomenon called when tourists spend money at local businesses, benefiting other areas of the economy?

Back

The economic ripple effect of tourist spending

Front

Troy is managing a tourist destination that experiences significant seasonality. Which strategy could he use to mitigate this seasonality? Options: Closing attractions in the off-season, Promoting off-season events and diverse attractions, Increasing peak-season pricing, Restricting access to local businesses

Back

Promoting off-season events and diverse attractions

Front

Airlie is a city planner working on a project to boost the local economy through tourism. What is the primary purpose of investing in infrastructure for this project?

Back

To increase visitor numbers and enhance accessibility