In the Airline Industry,instructions for Cancelling Reservation Is an Example

question 106

Multiple Choice

In the airline industry,instructions for cancelling reservation is an example of a/an:

• A) activity
• B) procedure
• C) component
• D) data communications

---

Definitions:

Sherman Act

A foundational antitrust law in the United States aimed at prohibiting monopolistic business practices and ensuring fair competition.

Market Leader

A company with the highest sales or market share in a particular market.

Reciprocal Dealing Agreement

An agreement between two parties where each agrees to purchase goods or services from the other, often used to strengthen business relationships.

Exclusive Dealing

An arrangement where a retailer or distributor is restricted to purchasing or selling the products of one supplier.