Frequent Business Travelers, Who Are Also Affluent and Eager Spenders

question 20

True/False

Frequent business travelers, who are also affluent and eager spenders, represent a global market segment.

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Definitions:

Business Firms

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

Production Possibilities Frontier

A graphical representation showing the maximum amount of two goods or services that can be produced within a given set of resources.

Recession

A brief spell of economic backslide, with a noted reduction in commerce and industrial production, usually spotted by a fallen GDP in two consecutive quarters.

Employment

A relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.