A Key Difference Between the Promotional Programs of National Tourist

question 16

Multiple Choice

A key difference between the promotional programs of national tourist offices NTOs) and their counterparts at the state, provincial, and territorial levels STOs) is:

• A) STOs focus more on domestic travelers than international.
• B) STO promotional programs are funded mainly through room taxes.
• C) STOs do not get involved in travel trade marketing.
• D) NTOs have fewer overseas offices than STOs.
• E) STOs have larger promotional budgets than NTOs.

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Definitions:

Period Costs

Costs that are expensed in the period in which they are incurred, not directly tied to the production process.

Factory Overhead Incurred

The total costs associated with the operation of a factory that are not directly tied to a specific product, including utilities, maintenance, and management salaries.

Statement of Cost

A financial report that summarizes the costs associated with producing goods or services, including materials, labor, and overhead.

Finished Goods

Finished goods are products that have completed the manufacturing process but have not yet been sold or distributed to end users.