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TT2- TOURISM SUPPLY Flashcards | StudBud
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TT2- TOURISM SUPPLY
TT2- TOURISM SUPPLY
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Questions
10
Answers
1
The essence of this concept is that supply costs per unit of production decline as inputs increase and output expands
Price discrimination
Economies of scale
Product differentiation
Diseconomies of scale
2
Components of the tourism resources for tourism supply
Biological resources
None of the aforementioned
Natural resources
Man-made resources
3
Capital indivisibility is one of the key characteristics of tourism supply
True
False
4
Composes of all assets, services, and goods to be enjoyed, bought by visitors
Tourism supply
Tourism supply curve
Tourism supply schedule
Tourism supply elasticity
5
Tourism supply does not utilize price discrimination as a business strategy
False
True
6
Elements that explain the complexity of tourism supply
Nature of the product
Price elasticity
The process of its delivery
Preferences of demand
7
Fixed capacity is one of the key features of tourism supply
True
False
8
Price leadership and price war are unlikely to occur in the tourism supply
True
False
9
The concept of economic integration between firms in the tourism supply is unlikely to occur
False
True
10
The graphical representation of the law of supply
Supply schedule
Elasticity of supply
Supply curve
Equilibrium
