There Are Many Sites on the Internet Where Consumers Can

question 70

Multiple Choice

There are many sites on the Internet where consumers can buy plane tickets at a reduced rate. Travelocity is the only Internet site where consumers can go to purchase airplane tickets, hotel reservations, amusement park tickets and admission to other tourist places. Consumers get to pick from a wide array of services. What benefit does Travelocity offer to travelers?

• A) Knowledge of local markets
• B) Customer choice
• C) Pricing control
• D) Narrow representation
• E) All of the above

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Definitions:

Basic Values

Fundamental beliefs or principles that guide an individual's or group's behavior and decision-making.

Chief Executive's Discretion

The extent to which a chief executive can make independent decisions without needing approval from others, often within the scope of their authority and responsibility.

Financial Reserves

involve funds or assets set aside by an organization or individual to cover future expenses, emergencies, or unforeseeable losses.

Organizational Strategy

A comprehensive plan outlining how an organization will achieve its goals and fulfill its mission over a period of time.