ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ secondary qualitative research
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____ primary qualitative research
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____ secondary quantitative research
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____ primary quantitative research
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Detailed explanation-1: -Generally, leisure travel agencies’ main revenue is from commissions vendors pay on vacation packages, cruises, air, and other add-ons. However, consultation fees and service fees are becoming more common as agencies try to diversify income sources to become less dependent on supplier commissions.
Detailed explanation-2: -Travel agencies, depending on the airline contracts they have access to, are able to earn commissions on both domestic (typically 0-5%) and international tickets (10-22%).
Detailed explanation-3: -The commission percentage agencies earn depends on numerous factors, the most important one being which private contracts you have access to. Here’s a general rule of thumb on the airline ticket commission range you can expect as a travel advisor: Domestic: 0-5% International: 10-22%