TOURISM AND HOSPITALITY MARKETING-MIDTERM EXAMINATION

Consists of all privately owned, for-profit businesses in the economy.

 

consists of all non-governmental, non-profit organizations in the economy.

Are the services that are provided by the government or public organizations to the citizens or the society.

Are the heart of the tourism and hospitality industry.

Are individuals or businesses that provide products or services to other entities, such as retailers, manufacturers, or consumers.

a cost that does not change with the level of production or sales.

are costs incurred due to the operations of the business.

the setting of prices should incorporate a calculation of how much it costs the organization to produce the product or service, both variable and fixed costs should be included in the price.

is the total amount  that a company gets based on quantity sold multiplied by selling price.

Are individuals or businesses that act as intermediaries between suppliers and consumers of travel products and services, such as flights, hotels, tours, car rentals, and insurance.