Marketers Exploit the Physical Aspects of the Tourism Experience, Such

question 12

Multiple Choice

Marketers exploit the physical aspects of the tourism experience, such as light, music, scent, etc. to signify the quality and experience of the business prior to purchase and consumption. This reflects the following characteristic of tourism:

• A) perishable.
• B) inseparable.
• C) consistent.
• D) intangible.

Recognize the impact of net working capital changes and net new borrowing on firm cash flows.

Calculate capital spending and the impact on company financials.

Compute tax obligations based on different types of income across various provincial tax systems.

Understand and apply the principles of tax calculation for different income levels and categories.

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Definitions:

Disguised Subsidy

Financial support given to industries or businesses in indirect ways, not easily identifiable as traditional subsidies, to lower their costs or increase their competitiveness.

Consumer Surplus

The gap between the total sum consumers are prepared and financially able to spend on a good or service and the sum they actually spend.

Legal

Pertaining to or conforming to the laws of a country or the legality of a situation or activity.

Efficient Output Level

The quantity of output at which a firm's average total cost is minimized.