This Is an Important Feature of the Economics of Tour

question 14

Multiple Choice

This is an important feature of the economics of tour wholesaling.

• 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.

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Definitions:

Personal Instincts

Natural or intuitive ways of acting or thinking that arise from one’s personal inclinations.

Logical-mathematical Intelligence

One of Howard Gardner's multiple intelligences, highlighting the capacity to understand logical reasoning and mathematical concepts.

Sequential Order

The arrangement of objects, events, or ideas in a linear or logical sequence, one following the other.

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present.