Glossary P

Process management  is the planning and administering the activities necessary to achieve a high level of performance in a Process and identifying opportunities for improving quality,

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Deutsch: Produkt / Español: Producto / Português: Produto / Français: Produit / Italiano: Prodotto /

Product is "The result of a process" (i.e. output), which may be either a service, or a good (Hardware or processed materials) or software (e.g. information) or their combination.

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Product Extension  is an Add-On Product or service, which enhances the experience of your Product and generates additional revenue. Example - A state park that offers guided wildflower

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Product Life Cycle is the cyclical pattern of demand for most products from "new and exciting" to "old and dated." Almost all products (tourism and otherwise) have these cycles.

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Profile  is the information about a Traveler (i.e. Department, Title, Employee ID). Each Traveler must, prior to First use of iTravel, have a profile with all of the fields labeled in

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Profit is the excess of revenue over expenses, if expenses exceed revenues in a given period the organisation will make a loss.

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Profit margin  is a dollar Value that represents the Markup of a product"s price over its
costs.

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Deutsch: Progress / Español: Progrés / Português: Progress) / Français: Progress / Italiano: Progresso

In the context of travel, "progress" refers to the forward movement, development, or improvement made in various aspects of the travel experience. Travel progress can encompass a wide range of factors that contribute to a successful and enjoyable journey. These factors may include transportation, accommodation, itinerary planning, cultural understanding, and personal growth. Progress in travel often means achieving the goals and expectations set for a trip and having a positive impact on the traveler's life.

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