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    Ar Malyn Cangque
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    A travel management company must be reliable, competent, knowledgeable, and resourceful to be considered bona fide. The executive management oversees strategy, finance and administration handles money matters, and sales, marketing, and operations runs daily activities. Travel companies earn revenue through commissions on bookings, markups on costs, service fees, and performance bonds. Organizational structure is important for travel companies as it impacts their qualifications and ability to deliver services.

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    A travel management company must be reliable, competent, knowledgeable, and resourceful to be considered bona fide. The executive management oversees strategy, finance and administration handles money matters, and sales, marketing, and operations runs daily activities. Travel companies earn revenue through commissions on bookings, markups on costs, service fees, and performance bonds. Organizational structure is important for travel companies as it impacts their qualifications and ability to deliver services.

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    10 views1 page

    By Group

    Uploaded by

    Ar Malyn Cangque
    A travel management company must be reliable, competent, knowledgeable, and resourceful to be considered bona fide. The executive management oversees strategy, finance and administration handles money matters, and sales, marketing, and operations runs daily activities. Travel companies earn revenue through commissions on bookings, markups on costs, service fees, and performance bonds. Organizational structure is important for travel companies as it impacts their qualifications and ability to deliver services.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    By group

    3 members each
    1 whole sheet of paper
    Copy and answer
    ANSWER THE FOLLOWING QUESTIONS in sentence form.
    a. Define and explain why the following attribute of a good travel
    management company is vital:
    1. Reliable
    2. Competent
    3. Knowledgeable
    4. Resourceful
    5. Bona Fide
    b. Explain the functions of the following department of a travel
    management company:
    1. The Executive Management
    2. The Finance and Administration
    3. The Sales, Marketing and Operations
    c. Describe how a travel management company can earn through
    the following revenue sources:
    1. Commissions System
    2. Mark Up Mechanics
    3. Service Fee
    4. Performance Bonds
    d. Are organizational structures important to consider in regard to
    the qualifications of a travel management company? Explain your
    answer.

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