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Sedbober [7]
3 years ago
10

Years ago, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, an

d 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 structure of the travel industry changed from monopolistic competition to an oligopolistic one.
C. The pricing power of the incumbent firms in the travel industry has increased.
D. The bargaining power of buyers in the travel industry has decreased.
Business
1 answer:
malfutka [58]3 years ago
6 0

Answer:

A. The travel industry changed from a consolidated structure to a fragmented one.

Explanation:

In the given passage, the speaker talks of the change in the way travels are managed. Initially, few large travel agencies took control of the way travel is arranged, from booking tickets to managing hotel rooms.

But as the internet grew and many people are able to access it, travels, accommodations, etc. are being managed by the individuals themselves or even smaller travel agencies are able to do the work without the need for such large companies to be involved.

This shows that the travel industry changed from a consolidated, large companies structure to a fragmented one, that of smaller agencies and even individuals themselves.

Thus, the correct answer is option A.

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In today's manufacturing environment, there is a growing philosophy that supports the deployment of smaller, less directly manag
Nastasia [14]

The team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team

<h3>Who is a Functional team?</h3>

A Functional Team refers to a group of people with a common functional expertise who are working toward shared objectives (which is to produce an entire product.)

In conclusion, the team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team

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2 years ago
A bank trustee holds the titles to assets a corporation has purchased and utilizes in its day-to-day business. The corporation i
Dmitry_Shevchenko [17]

Answer:

Asset-backed securities

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Asset-backed securities are a form of debt securities whose principal and interest are paid by other associated assets.

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3 years ago
The allowance method for uncollectible accounts is required by gaap because it conforms to the matching principle.
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4 years ago
the design of a service system often is used by management to the cost of capacity in relation to the expected cost of customers
ale4655 [162]

The design of a service system often is used by management to Balance the cost of capacity in relation to the expected cost of customers waiting.

<h3>What is expected cost?</h3>

Expected expenses are the estimates of prices that you enter before you receive the item's invoice, such the price of a purchased item. Both inventories and the general ledger can be updated with predicted costs.

This is what the functionality performs, according to Dynamics NAV help: Expected expenses are the calculations you do before you actually receive the invoice for the item, such as the price of a purchase. Both inventories and the G/L can be updated with predicted costs.

The amount of money held in a financial institution, such as a savings or checking account, at any particular time is known as the account balance. The net amount, which includes all debits and credits, is always the account balance.

When a company or other entity invests money to increase operations or production capacity, it incurs a capacity cost. Costs associated with capacity are a fundamental component of conducting business and are particularly important for start-up and expanding businesses that aim for quick expansion.

Hence, The design of a service system often is used by management to Balance the cost of capacity in relation to the expected cost of customers waiting.

To learn more about expected cost refer to:

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6 0
2 years ago
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