Keywords list - Unit 1 Flashcards Preview

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Flashcards in Keywords list - Unit 1 Deck (136)
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1

Tourism

The movement of people to countries or places outside their usual environment for either personal or business reasons

2

United Nations World Tourism Organisation

The agency for World tourism, responsible for the promotion of responsible, sustainable and universally accessible tourism

3

Domestic tourism

Someone traveling within their own country and staying away from home for at least one night

4

Day visitor

Someone taking a day trip with no overnight stay

5

Inbound tourist

Someone entering a country for the purpose of tourism

6

Outbound tourism

Someone leaving their own country to travel to another country for the purpose of tourism

7

Short break

Two or three days’ holiday, often at a weekend

8

Stag or hen party

A group of men or women celebrating the marriage of their friend, usually shortly before the wedding takes place

9

Visiting friends or family (VFR)

Tourists who are staying overnight with a friend or family member.

10

Specialist travel

Tourists travelling for a specific kind of holiday for e.g. adventure, health, education, heritage or culture, a gap year, conservation, sustainable tourism, special interests, hobbies or sports, weddings and honeymoons

11

Leisure travel

Tourists travelling for their own pleasure and enjoyment or to take a relaxing holiday

12

Corporate travel

People travelling for business reasons, could include MICE – meetings, incentive travel, conferences and events

13

Incentive travel

A trip or holiday that is given to an employee for reaching their targets or for extremely good performance in their job

14

Day trip

Trips that do not include an overnight stay. People on day trips are not counted as tourists because they are not staying away from home.

15

Sole trader

A business run by a self-employed individual

16

Limited liability

Responsibility that is limited to some extent (such as up to a maximum amount of money)

17

Bankrupt

When a company is unable to pay its debts

18

Liable

Legally responsible for something

19

Private limited company

A business owned by shareholders who invest in the business in return for a share of the profits

20

Shareholders

The owners of the shares (either individuals or other companies)

21

Shares

Units of ownership of a company offered for sale to raise funds for the company

22

Public limited company (plc)

A business owned by shareholders that can sell shares to the public

23

Stock exchange

A place where shares are bought and sold

24

Dividend

A share of a business’s profits that is paid to a shareholder

25

Breaking even

When a business is making enough money to ensure that its revenue covers its costs

26

Public sector organisations

Organisations that are owned and funded by the government. Can be national or local level. Overarching aim is to provide value for the funding they receive.

27

Voluntary sector organisations

Many voluntary sector organisations are charities. They receive funding from a variety of sources. They may have paid staff but will often rely on volunteers.

28

Legacy

A gift of money or property given away by the owner after their death.

29

Tangible

Something that can be handled and touched, such as reserving a seat on a bus

30

Intangible

Something that is not a physical object and cannot be handled such as a safe and enjoyable journey