The Introduction of New Web-Based Travel Agencies into the Travel

question 91

Multiple Choice

The introduction of new Web-based travel agencies into the travel industry is an example of ____.

• A) disintermediation
• B) corporate consolidation
• C) reintermediation
• D) monopolization

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Definitions:

Equitable Estoppel

A legal principle that prevents a party from denying or asserting anything to the contrary of a previous commitment or action if it would be unjust or harm the other party who relied on the initial stance.

Injurious Reliance

Refers to a situation where a party suffers harm or loss as a result of relying on false or misleading statements or promises made by another party.

Legal Right

A legal right is an entitlement derived from legal principles or law, granting the holder a legally enforceable claim to act or require others to act in a certain way.

Green Beans

A type of common bean, eaten around the world, and harvested while the beans are still in their pod before they have fully matured.