When a Travel Agency Wanted to Predict Sales for a New

question 179

Multiple Choice

When a travel agency wanted to predict sales for a new travel adventure they wanted to start marketing,they looked at sales figures and customer feedback on similar types of vacation packages they had offered in the past.This is an example of _____.

• A)primary data gathering
• B)secondary data gathering
• C)scientific research
• D)intermediate data gathering

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Definitions:

Taxable Income

The portion of an individual’s or entity’s income that is subject to income tax after all deductions and exemptions.

Progressive

A system or policy where the level of contribution or effort increases with some measure of capacity, such as a progressive tax system where higher income earns pay a higher rate.

Proportional

Relating to or denoting a relationship where elements vary together at a constant rate and a change in one element results in a corresponding change in another.

Regressive

A term describing a tax system where the tax rate decreases as the taxable amount increases, placing a greater relative burden on lower income earners.