A Service Organization Within the Visitor Industry That Offers a Host

question 3

Multiple Choice

A service organization within the visitor industry that offers a host of programs and services to meet clients' needs is a

• A) convention and exposition
• B) Convention and Visitors Bureau
• C) Destination Management Company
• D) convention management company

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Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.