Question 1

Price reduction for the sale of large number of units is called ------

Accepted Answer

Volume discount refers to a pricing strategy where the price per unit of goods or services decreases as the quantity purchased increases. This encourages buyers to purchase larger quantities by offering them a reduced price for doing so.

Question 2

A tour wholesaler who sells package vaccations is called ------

Accepted Answer

Tour operators are responsible for organizing and preparing holiday tours. They create the package holidays by combining elements such as hotels, flights, and excursions, and then sell them either directly to the public or through travel agents.

Question 3

A tour wholesaler who sells tour components individually, without assembling them is called ----

Accepted Answer

A consolidator is a type of wholesaler who purchases large blocks of tickets, hotel rooms, or other travel components, and then sells them individually or in smaller blocks, often at discounted prices, without assembling them into packages. They do not typically organize or coordinate the components into a cohesive tour, which distinguishes them from tour operators.

Question 4

Net fare of an airline ticket is -----

Accepted Answer

The answer of Net fare of an airline ticket is...

Question 5

Net fares are offored by the airline to

Accepted Answer

Net fares are typically offered by airlines to travel agencies and tour operators, allowing these entities to package and mark up prices for resale to the end consumer.

Quiz 2: Travel and Tourism Industry Terminology and Concepts

Price reduction for the sale of large number of units is called ------

A tour wholesaler who sells package vaccations is called ------

A tour wholesaler who sells tour components individually, without assembling them is called ----

Net fare of an airline ticket is -----

Net fares are offored by the airline to