Question

An example of ________ is with airlines and hotels operating their own reservation sites online, removing the organization or business process layers responsible for the intermediate steps in the value chain.

Answer 1

Answer:

disintermediation

Explanation:

Disintermediation -

It is the method of the removal of the intermediary people or middle men , like brokers , from the future transactions , is known as disintermediation .

It can also be the removal of certain process steps or some funds is also the process of disintermediation ,

hence , from the question , the example of disintermediation is shown .

The removal of the intermediaries can lead to lowering of the overall cost and can even increase the transaction time .