Highlight Travel is a successful chain of travel agencies that enjoys international recognition - HSC - SSCE Business Studies - Question 14 - 2003 - Paper 1
Question 14
Highlight Travel is a successful chain of travel agencies that enjoys international recognition. It has decided to enter into arrangements that will allow other inde... show full transcript
Worked Solution & Example Answer:Highlight Travel is a successful chain of travel agencies that enjoys international recognition - HSC - SSCE Business Studies - Question 14 - 2003 - Paper 1
Step 1
Identify the Nature of the Agreement
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Answer
The agreement described in the question involves Highflight Travel allowing other foreign travel agencies to use its name and providing support for a fee. This indicates a form of partnership where Highflight leverages its brand recognition while helping other agencies.
Step 2
Determine the Correct Option
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Answer
The best description of this type of agreement is a 'Management contract'. Such contracts typically involve one entity granting another the rights to operate under its name and expertise, which aligns with the scenario described.
