Event Tourism Is a Relatively New Term Defined as the Systematic

question 18

Short Answer

Event tourism is a relatively new term defined as the systematic planning, development and marketing of:
• parades
• circuses
• festivals
• new theme parks

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Definitions:

Cost of Equity

The return a firm theoretically pays to its equity investors, i.e., shareholders, to compensate for the risk they undertake.

Debt

A sum of money lent by one party to another, with the agreement it will be repaid later, typically with additional interest.

Financial Leverage

Taking advantage of borrowed finances to raise the possible outcomes of an investment.

Business Risk

The exposure a company or investor has to factor(s) that will lower its profits or lead to a loss.