Question 1: From the Profit-and-Loss Statement, what are the two ways that any business can increase their profits or lessen their losses? Explain in some detail.
Question 2: What is a Marketing Plan? Discuss some procedures in making one up. Why is this important, especially for a Home-Based Agent?
Question 3: What is the Balance Sheet? How can it help in showing the condition of the business?
Question 4: What is the main item of many business' profit and loss statements that is not normally shown or needed in a travel agency operation?