Glossary words 1-10 Flashcards

1
Q

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

A

Tourism

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2
Q

Someone traveling within their own country for the purpose of a trip

A

Domestic tourism / tourist

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3
Q

People who enter a country to visit for the purposes of tourism, such as for a holiday.

A

Inbound tourists

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4
Q

People leaving their own country and travelling to a different one for the purposes of tourism.

A

Outbound tourists

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5
Q

Visiting Friends and Relatives

A

VFR

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6
Q

A business run by a self-employed individual

A

Sole trader

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7
Q

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

A

Private organisation

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8
Q

Owned and funded by the government

A

Public organisation (PLC)

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9
Q

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

A

Public limited company (PLC)

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10
Q

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

A

Shares

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