A) Fixed costs are greater than variable.
B) Low returns on equity are likely.
C) Cash flow is not important.
D) It has relatively low barriers to entry.
E) The average return on sales is high.
Correct Answer
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Correct Answer
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A) travel trade marketing.
B) exclusive distribution.
C) vertical integration.
D) horizontal integration.
E) intensive distribution.
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Correct Answer
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A) American Express company
B) Sabre
C) Thomas Cook
D) both A and B
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Correct Answer
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A) Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
B) The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
C) A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
D) Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
E) The leading organization for meeting and event professionals
F) Tours with a trained escort that travel with the group
G) The professional association for meeting planners
H) Global distribution system (GDS)
I) Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
J) A set of strategies that enable
capacity-constrained service industries to realize optimum revenue from operations
Correct Answer
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Correct Answer
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A) the creativity and new ways of doing business invented by travel agents as response to the cut in commissions from airlines, hotels, and other providers.
B) the increasing amount of online travel services.
C) the promising growth of travel agents over the recent years.
D) mergers and acquisitions.
Correct Answer
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Correct Answer
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A) conduct low-fare searches in the GDS.
B) hire more staff.
C) automate the fulfillment of e-tickets and e-mail the itineraries to the travelers.
D) introduce quality controls.
Correct Answer
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Correct Answer
verified
A) Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
B) The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
C) A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
D) Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
E) The leading organization for meeting and event professionals
F) Tours with a trained escort that travel with the group
G) The professional association for meeting planners
H) Global distribution system (GDS)
I) Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
J) A set of strategies that enable
capacity-constrained service industries to realize optimum revenue from operations
Correct Answer
verified
Correct Answer
verified
A) There are more retail travel agencies than suppliers.
B) There is no direct distribution in tourism.
C) The wholesaling and retailing functions are done by the same companies.
D) Cruise lines are carriers and not suppliers.
E) There is no physical distribution.
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E
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A) travel management departments
B) travel consolidators
C) tour wholesalers
D) incentive travel planning companies
E) retail travel agencies
Correct Answer
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A
Correct Answer
verified
A) Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
B) The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
C) A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
D) Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
E) The leading organization for meeting and event professionals
F) Tours with a trained escort that travel with the group
G) The professional association for meeting planners
H) Global distribution system (GDS)
I) Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
J) A set of strategies that enable
capacity-constrained service industries to realize optimum revenue from operations
Correct Answer
verified
Correct Answer
verified
A) Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
B) The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
C) A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
D) Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
E) The leading organization for meeting and event professionals
F) Tours with a trained escort that travel with the group
G) The professional association for meeting planners
H) Global distribution system (GDS)
I) Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
J) A set of strategies that enable
capacity-constrained service industries to realize optimum revenue from operations
Correct Answer
verified
Correct Answer
verified
A) access to airlines, hotels, car rental companies, cruise lines, and vacation offerings
B) last-minute travel packages
C) pricing information
D) personal consulting and expertise in themed tours
Correct Answer
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Correct Answer
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A) drive potential guests directly to their websites.
B) contract with CVB and Chamber and Commerce.
C) sell their inventories to tour wholesalers.
D) adopt vertical integration and purchase travel agents.
Correct Answer
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Correct Answer
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A) hosted tours.
B) business trips.
C) independent tours.
D) package tours.
E) escorted tours.
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B
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A) the size of family.
B) advance purchase excursion fairs.
C) economy.
D) excursion rates.
E) youth fares.
Correct Answer
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Correct Answer
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A) vertical integration.
B) strategic outsourcing.
C) strategic alliance.
D) horizontal integration.
Correct Answer
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Correct Answer
verified
A) horizontal integration.
B) advertising and promotion.
C) travel trade intermediaries.
D) selective distribution.
E) sales representatives.
Correct Answer
verified
Correct Answer
verified
A) Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
B) The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
C) A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
D) Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
E) The leading organization for meeting and event professionals
F) Tours with a trained escort that travel with the group
G) The professional association for meeting planners
H) Global distribution system (GDS)
I) Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
J) A set of strategies that enable
capacity-constrained service industries to realize optimum revenue from operations
Correct Answer
verified
Correct Answer
verified
A) tour administration
B) tour evaluation
C) tour marketing
D) tour hosting
E) tour planning and preparation
Correct Answer
verified
Correct Answer
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A) Hotwire
B) Navigant International
C) American Express
D) Carlson Wagonlit
Correct Answer
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Correct Answer
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