Years Ago, the Travel Industry Was Controlled by a Few

question 65

Multiple Choice

Years ago, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, and hotels for their customers. However, with the emergence of the internet, smaller travel agencies started mushrooming in the industry and customers started making their own reservations. Which of the following can be inferred from this information?

• A) The travel industry changed from a consolidated structure to a fragmented one.
• B) The pricing power of the incumbent firms in the travel industry has increased.
• C) The bargaining power of buyers in the travel industry has decreased.
• D) The structure of the travel industry changed from monopolistic competition to an oligopolistic one.

Comprehend the etiquette and strategic use of immediate messaging systems and text messages in professional environments.

Understand the role and impact of instant and text messaging in workplace communication.

Grasp the concepts and applications of Web 2.0 technologies, including podcasts and wikis.

Learn the etiquette and best practices for using messaging technologies professionally.

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Definitions:

Federal Reserve

The central banking system of the United States responsible for setting monetary policy, including the manipulation of interest rates to control inflation and stabilize the currency.

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Treasury Bond Market

The marketplace where U.S. government bonds with maturities greater than ten years are issued and traded.