Match the LIST-I with LIST-II
List I
(Term)List II
(Meaning)A. Indirect Impacts I. Expenditure or direct revenue
obtained from touristB. Induced Impacts II. Revenue that are used by tourism
business and their suppliers to
purchase goods and servicesC. Multiplier Effect III. Revenue circulation that results
from the wages in tourism
businessD. Direct Impact IV. A measure of the subsequent
income generated in a destination
economy by direct tourism
expenditure
Choose the correct answer from the options given below:
Tourism Economic Impacts: Matching Terms and Meanings
This question requires matching key terms related to the economic impacts of tourism with their correct definitions. Let's break down each term and its meaning to find the correct pairings.
Understanding the Terms
- Direct Impact: This refers to the initial spending by tourists within the destination. It includes money spent on accommodation, food, activities, transport, and shopping directly within the tourism sector.
- Indirect Impacts: These impacts arise when businesses directly serving tourists purchase goods and services from other local businesses. For example, a hotel buying produce from a local farm.
- Induced Impacts: This refers to the spending that occurs when employees of tourism businesses and their suppliers spend their wages in the local economy on goods and services (e.g., groceries, entertainment).
- Multiplier Effect: This economic concept describes how an initial change in spending (like tourist expenditure) causes a larger final change in national income. It represents the total economic effect, including direct, indirect, and induced impacts.
Matching List I with List II
Let's analyze the provided lists to establish the correct matches:
| List I (Term) | List II (Meaning) |
|---|---|
| A. Indirect Impacts | I. Expenditure or direct revenue obtained from tourist |
| B. Induced Impacts | II. Revenue that are used by tourism business and their suppliers to purchase goods and services |
| C. Multiplier Effect | III. Revenue circulation that results from the wages in tourism business |
| D. Direct Impact | IV. A measure of the subsequent income generated in a destination economy by direct tourism expenditure |
Now, let's match them based on the definitions:
- Direct Impact (D) corresponds to the initial spending, which is I. Expenditure or direct revenue obtained from tourist.
- Indirect Impacts (A) relate to the spending by tourism businesses on their suppliers, matching II. Revenue that are used by tourism business and their suppliers to purchase goods and services.
- Induced Impacts (B) are about the spending by employees using their wages, which aligns with III. Revenue circulation that results from the wages in tourism business.
- Multiplier Effect (C) is the overall measure of economic gain from initial spending, described by IV. A measure of the subsequent income generated in a destination economy by direct tourism expenditure.
Final Correct Match
Based on the analysis, the correct matching is:
- A - II
- B - III
- C - IV
- D - I
This corresponds to option 1.
| A. Indirect Impacts | II. Revenue that are used by tourism business and their suppliers to purchase goods and services |
| B. Induced Impacts | III. Revenue circulation that results from the wages in tourism business |
| C. Multiplier Effect | IV. A measure of the subsequent income generated in a destination economy by direct tourism expenditure |
| D. Direct Impact | I. Expenditure or direct revenue obtained from tourist |
Important Questions from Strategic marketing planning - Teaching
- Who presented S-Shape Resort Cycle Model?
- In context of Medical Tourism, NABH stands for
- Which one of the following matrix graphically portrays differences among divisions in terms of relative market share position and industry growth rate ?
