Travel and Tourism Industry Terminology Quiz

1. What is the definition of 'point of sale'?

Where products are marketed.

Where goods are manufactured.

Where customer service is provided.

Where a retail transaction is completed.

The point of sale is where the final transaction takes place between the customer and the retailer.

Explanation

The point of sale is where the final transaction takes place between the customer and the retailer.

2. What is a press release?

A form of musical notation for the drums.

A type of physical pressure applied to the body.

A cooking technique involving pressing ingredients together to release flavors.

Written communication, official announcement to the media, about a new product or event

A press release is a written communication issued to the media to announce official news, typically about a new product or event. It is not related to physical pressure, musical notation, or cooking techniques.

Explanation

A press release is a written communication issued to the media to announce official news, typically about a new product or event. It is not related to physical pressure, musical notation, or cooking techniques.

3. What is a trade show?

An exhibition at which businesses in a particular industry promote their products and services

A political rally advocating for change in healthcare policies.

A music concert featuring multiple artists.

A flea market selling homemade goods.

A trade show is specifically an exhibition where businesses showcase and promote their products and services within a particular industry.

Explanation

A trade show is specifically an exhibition where businesses showcase and promote their products and services within a particular industry.

4. What is a wholesaler?

A company that creates goods for sale in small quantities at high prices.

A company that sells goods directly to consumers at high prices.

A company that sells goods in large quantities at low prices, typically to retailers

A company that imports goods from other countries and sells them to local businesses.

A wholesaler is an entity that buys goods in bulk from manufacturers and sells them in large quantities at low prices to retailers, who then sell them directly to consumers. Wholesalers act as intermediaries between manufacturers and retailers, helping to distribute goods efficiently.

Explanation

A wholesaler is an entity that buys goods in bulk from manufacturers and sells them in large quantities at low prices to retailers, who then sell them directly to consumers. Wholesalers act as intermediaries between manufacturers and retailers, helping to distribute goods efficiently.

5. What is direct selling?

Selling a product or service online through an e-commerce platform.

Selling a product or service direct to the consumer in a non-retail environment

Selling a product or service through wholesale distribution channels.

Selling a product or service through a third-party retailer.

Direct selling involves selling directly to consumers in a non-retail setting, bypassing traditional retail establishments.

Explanation

Direct selling involves selling directly to consumers in a non-retail setting, bypassing traditional retail establishments.