When price and quantity of the producer matches the demand by the purchaser, is the definition for:
Your answer:
Most business revenues are from _________ customers.
Your answer:
The leisure market relies on _________ ________ of consumers.
Your answer:
The riskiest and least successful form of innovation is the:
Your answer:
The age group with the highest per capita discretionary income is:
Your answer:
The higher the "multiplier", the ____________ the impact of tourism on the local economy.
Your answer:
Trying to capture an entire market by being first with an innovation, is an example of:
Your answer:
An "incongruity" is:
Your answer:
An entrepreneurial strategy that aims at control of a small segment of a market is called:
Your answer:
The most often cited barriers to participation are lack of:
Your answer:
Based on a zero sum market, the potential market share of a 250 room resort in a 1000 room market, would be:
Your answer:
The natural tendency of goods and service providers in a free market economy to maximize financial returns by gradually increasing thier prices, is the definition of:
Your answer:
The respending of new money in the local economy is called:
Your answer:
According to the 80/20 rule ___% of the customers, account for ___% of the business's revenues.
Your answer:
The provision of recreation-related products or services by private enterprise for a fee, with the long term intent of being profitable, is the definition for:
Your answer:
The provision of selected recreation related products or services by a governmental organization in a commercial manner, with much or all of the costs covered by fees, charges or other non-tax revenues, is the definition for:
Your answer:
The actions of a recreation related organization that searches for trends and changes in its environment, then brings together and manages resources to exploit these changes as an opportunity , is the definition for:
Your answer:
The industry classification type that is primarily concerned with the movement of people is called:
Your answer:
The superstars of entrepreneurship that require a long lead time to bring to the marketplace is:
Your answer:
The most reliable and most predictable externally oriented source of innovation is:
Your answer:
A source of innovation that starts small and appeals to a very specific market is:
Your answer:
An industry, which has the primary function of providing retail products, entertainment and recreation programs for people in their home communities, is called:
Your answer:
The Grand Canyon Bed and Breakfast Inn would be included in which industry classification "type?"
Your answer:
A source of innovation which searches for a flaw in the basic nature of the industry, one usually dominated by several large companies is:
Your answer:
A task focused source of innovation that perfects a process that already exists is:
Your answer:
Spending local money outside the local economy is called:
Your answer:
The extent to which recreation activities can be interchanged in order to satisy the users motives and desires is called:
Your answer:
A term to describe when a small change in price causes a large change in demand, is:
Your answer:
One who takes responsibility for creating innovation of any kind within an organization is called an:
Your answer:
Development on or below ground is called:
Your answer:
A mathmatical model to predicts the amount of travel from a particular origin to a particular destination and to estimate the economic activity involved in that travel experience, is called:
Your answer:
If the local movie theater increases its ticket prices from $5 to $10 per person but continues to sell essentially the same number of tickets, the price would be considered:
Your answer:
The quantity of a product or service that consumers will buy at a given price at a given point in time is the definition for:
Your answer:
Providing the best product or service at all times is the definition for:
Your answer:
The largest market segment with high discretionary income is professional adults in the ______ year age range:
Your answer:
The first component of the "recreation experience" is:
Your answer:
An example of the "facilitators" industry type would be local:
Your answer:
A business must achieve a certain stage of development to optimize its revenue and the recreation experience for consumers, is the definition for:
Your answer:
Constraints to participation in recreation activites such as lack of knowledge, lack of skills, and lack of interest are:
Your answer:
A hurricane striking a tourist area would be an example of which type of challenge in commercial recreation?
Your answer: