Technological,economic,and Social Forces All Play an Important Role in Starting

question 31

Essay

Technological,economic,and social forces all play an important role in starting a new business or service. This is especially true with a company such as Expedia.Com. Expedia.Com is an on-line travel service that allows users to book airline flights and make travel arrangements via the Internet. Explain how the three above mentioned forces generated the opportunity for a company like Expedia.com to become popular.

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Definitions:

Current Liability

A debt or obligation that is due within one year.

Revenue

The sum of money a business earns from selling products or offering services over a specific period.

Payroll Functions

The activities involved in calculating and distributing wages, salaries, and deductions to employees.