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Travel & Tourism Ch. 4 Exam 2025 Questions and Answers When Thomas Cook organized the first group tour, he was serving as a(n) ________. ....ANSWER ...-intermediary Which of the following is NOT a value-added function provided by intermediaries? ....ANSWER ...-risk-shifting to service providers Which of the following segments of the tourism industry has continued to nurture a close working relationship with travel agents? - ....ANSWER ...-cruise lines The simplest form of distribution, providing direct access to tourism suppliers, would be classified as a ________. - ....ANSWER ...-one-level distribution channel The difference between the price for which travel agencies can obtain the service and the price they can charge when selling the service is called ________. - ....ANSWER ...- markup Travel agencies can be classified into all of the following categories EXCEPT ________. - ....ANSWER ...-no-frills agencies The financial network and clearinghouse that allows travel agencies to sell airline tickets is ________. - ....ANSWER ...-ARC Traditionally, wholesalers provide what percentage of all room revenues in destinations such as Hawaii and the Caribbean? - ....ANSWER ...-60 to 70 …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1