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Author Question: How can travel and tourism companies control competitive threats from online travel agencies and ... (Read 120 times)

natalie2426

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on: Sep 11, 2019

Question 1

What is the difference between elastic and inelastic demand?
 
  What will be an ideal response?

Question 2

How can travel and tourism companies control competitive threats from online travel agencies and aggregators?
 
  What will be an ideal response?


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aburgess

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Reply #1 on: Sep 11, 2019

Answer 1

Products that have elastic demand tend to be sensitive to price change and are discretionary in nature while those with inelastic demand face steadier demand and are more apt to be necessities.

Answer 2

Just stop giving them inventory to sell.


natalie2426

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Reply 2 on: Sep 11, 2019
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Excellent

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