Grade 12_Hospitality
Key TermsStudies
& Definitions
Terminology
Grade
Revision
12_Hospitality
Key
Guide.pdf
TermsStudies
& Definitions
Terminology
Revision
_ Key
Guide.pdf
Terms & Definitions Revision Guide.pdf
Grade 12
Hospitality Studies
Terminology | Key
Terms &
Definitions
Revision Guide
Grade 12 Hospitality Studies Terminology
Grade 12_Hospitality
Key TermsStudies
& Definitions
Terminology
Grade
Revision
12_Hospitality
Key
Guide.pdf
TermsStudies
& Definitions
Terminology
Revision
_ Key
Guide.pdf
Terms & Definitions Revision Guide.pdf
,Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf
Terms in this set (73)
GDP Gross Domestic Product refers to the total
value of goods and services manufactured
and delivered in a country in one year.
Revenue management Applies the basic principles of supply and
demand to generate increased revenues.
Perishable resource A resource with a time limit for selling, after
which it has no value.
Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf
, Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf
Direct job A position in a hospitality, accommodation or
tourism business, e.g. a hotel receptionist,
room attendant or tour guide.
Indirect job A position that does not form part of the
hospitality or tourism sector, but provides
essential products and services to the
industry, e.g. manufacturers of linen for use in
accommodation establishments, producers of
food and furniture, etc.
Delegate A person representing a company at a
meeting or conference.
Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf Grade 12 Hospitality Studies Terminology.pdf