MATCHING Choose the Item in Column 2 That Best Matches

question 11

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Yield management

• A)Travelers go online and within minutes have several quotes and often access to better deals than if they go through a travel agent
• B)The travel intermediaries that package tours for a country or an area, and then sell them to retail travel agents wherever possible
• C)A consultant and sales intermediary for airlines, hotels, railroads, car rental companies, and cruise ships who receives commissions from the carriers and other suppliers
• D)Companies that arrange every aspect of a travel package and bring together all the elements of a trip for travelers
• E)The leading organization for meeting and event professionals
• F)Tours with a trained escort that travel with the group
• G)The professional association for meeting planners
• H)Global distribution system (GDS)
• I)Fares offered between selected cities that requires tickets purchased 60 days in advance and a stay of at least 22 but no longer than 45 days
• J)A set of strategies that enable
• capacity-constrained service industries to realize optimum revenue from operations

Identify the differences between special types of contracts, such as oral contracts, auctions, and sales of goods.

Distinguish between the legal concepts of title, risk of loss, and insurable interest.

Understand the implications of fraud and voidable title in sales transactions.

Comprehend the requirements and effects of firm offers and contracts within the UCC.

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Definitions:

Good Faith

An honest intention to act without taking an unfair advantage over another party, typically in contractual or negotiation contexts.

Financing Company

An organization that provides money or credit to individuals or companies for purchases or investments.

Reasonable Notice

A requirement for the provision of timely and clear information to all parties involved in a legal agreement or procedure.

Written Notice

A formal, documented communication required in many legal situations to officially inform a party of certain actions or intentions.