Podcast
Questions and Answers
What does demand refer to in the tourism industry?
What does demand refer to in the tourism industry?
- The ability to create goods and services efficiently
- The number of inputs required to sustain demand requirements
- The organization's ability to render or provide services
- The volume of goods and services customers require at a given time (correct)
What is the counterpart of supply in the service-oriented tourism industry?
What is the counterpart of supply in the service-oriented tourism industry?
- Volume
- Capacity (correct)
- Demand
- Productivity
What does capacity refer to in the tourism industry?
What does capacity refer to in the tourism industry?
- The volume of goods and services customers require at a given time
- The number of inputs required to sustain demand requirements
- The ability to create goods and services efficiently
- An organization's ability to render or provide services to its customers (correct)
What is the counterforce for demand in the market?
What is the counterforce for demand in the market?
What does productivity refer to for an organization?
What does productivity refer to for an organization?
Study Notes
Tourism Industry Concepts
- Demand in the tourism industry refers to the desire and willingness of consumers to purchase a specific tourism product or service.
Supply and Demand Counterparts
- The counterpart of supply in the service-oriented tourism industry is demand.
- The counterpart of demand is supply.
Capacity in Tourism
- Capacity in the tourism industry refers to the maximum amount of tourism products or services that can be produced or provided by a business or organization.
Market Forces
- The counterforce for demand in the market is supply.
Productivity in Organizations
- Productivity in an organization refers to the ability to achieve maximum output with minimum input of resources, resulting in efficiency and effectiveness.
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Description
Test your knowledge of demand and capacity in the tourism industry with this quiz. Learn about the basic concepts of demand, supply, capacity, and productivity, and how they impact the dynamics of the industry. Explore the volume of goods and services customers require, and the strategies for meeting their needs effectively.