TTM 4

What is a significant requirement when setting up a travel agency?

• Travel brochures

• Office space

• Online booking system

• Customer loyalty programs

Which system is mentioned as an office system for travel agencies?

• Global Distribution System

• Content Management System

• Social Media Management

• Customer Relationship Management

What must a travel agency secure to be accredited by the Department of Tourism?

• A valid mayor's permit

• A website

• A social media presence

• A customer feedback system

Which organization provides accreditation for travel agencies?

• International Monetary Fund

• United Nations

• World Tourism Organization

• International Air Transport Association

What is one benefit of being accredited by the Department of Tourism?

• Endorsement to embassies

• Free office space

• Guaranteed customers

• Tax exemptions

Which department issues a certificate of registration for single proprietorship businesses?

• Department of Trade and Industry

• Department of Labor and Employment

• Bureau of Internal Revenue

• Department of Tourism

What is required for travel agencies hiring five or more employees?

• Registration with DOLE

• Accreditation from IATA

• A marketing plan

• A business website

What does the Bureau of Internal Revenue provide to businesses?

• Employee training

• Marketing strategies

• Business loans

• Tax Identification Number

What is a challenge faced by travel agencies due to increasing price transparency?

• Increased customer loyalty

• Travelers can find better deals

• Less competition in the market

• More travel agents are needed

What does the rise of mergers and alliances in the travel industry lead to?

• Diminished chance of individual growth

• Higher prices for consumers

• Increased customer trust

• More independent travel agencies