_____-Based Occurs When Services Are Standardized Across Providers

question 54

Multiple Choice

_____-based occurs when services are standardized across providers.

• A) Demand
• B) Profit
• C) Competition
• D) Supply
• E) Cost

Explain the role of Public Relations (PR) in the tourism industry and identify common PR tools used.

Discuss the importance of continuous promotion during the duration of an event, such as a music festival.

Identify appropriate and inappropriate PR actions in crisis situations within the sports industry.

Describe the responsibilities of sports organizations' PR departments and the use of social media.

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Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities; also known as stockholders' equity.

Equity Multiplier

A financial leverage ratio that measures the portion of a firm's assets that is financed by stockholder's equity.

Profit Margin

A financial ratio that shows the percentage of revenue that remains as profit after all expenses have been paid, including costs, taxes, and interest.

Return On Assets

A performance metric that measures the efficiency of a company in generating profit from its assets.