Tourism Industry Flashcard

Front

How many partners can a partnership have?

Back

Between two and twenty

Front

What is a disadvantage of partnerships?

Back

Disagreements between partners

Front

What is a key advantage of public limited companies?

Back

Ability to raise large sums of money

Front

What is a key advantage of not-for-profit organisations?

Back

They are eligible for tax relief.

Front

What type of organisations are charities and voluntary organisations?

Back

Not-for-profit businesses

Front

What is a common scrutiny faced by not-for-profit organisations?

Back

Public inspection

Front

Which of the following is a financial objective for tourism businesses? Options: Employee satisfaction, Revenue, Community engagement, Environmental sustainability

Back

Revenue

Front

What is an example of ethical trading in tourism?

Back

Selling local handmade crafts

Front

What is a possible financial objective related to sales?

Back

Total value of sales of products and services

Front

What is a common financial objective for a startup business?

Back

Profit maximization