Disintermediation Occurs When the Travel Agent Is Bypassed If Hotel

question 95

True/False

Disintermediation occurs when the travel agent is bypassed if hotel reservations are made directly on the Internet.

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Definitions:

Resource Demand

The need for resources by businesses or the economy to produce goods and services.

Imperfectly Competitive

describes markets where individual sellers have some control over the price of their products due to lack of perfect competition.

Resource Price

The cost associated with acquiring, accessing, or utilizing a resource, often dictated by supply and demand dynamics.

Units

A generalized term for the smallest possible measurement in which a quantity can be divided or counted, applicable across various contexts.