Which of the following statements is not true?
Group of answer choices
The online travel services industry has gone through a period of consolidation
The managed business travel segment offers greater growth opportunities compared to the leisure/unmanaged business travel market.
Online travel services are one of the few sectors in which pure online firms have generally been profitable.
Price competition among online travel services is difficult, as comparison shopping for better prices is easy
The statement that is not true is:
The managed business travel segment offers greater growth opportunities compared to the leisure/unmanaged business travel market.
To identify which statement is not true, we need to analyze each statement and determine if it aligns with the facts. Let's break down each statement and evaluate its accuracy.
1. "The online travel services industry has gone through a period of consolidation."
To determine the veracity of this statement, you can search for recent news articles, industry reports, or studies that discuss the online travel services industry. Look for information about mergers, acquisitions, or any other indicators of industry consolidation. If you find evidence supporting this statement, it is true. However, if you can't find any substantial information or data suggesting consolidation, the statement would be false.
2. "The managed business travel segment offers greater growth opportunities compared to the leisure/unmanaged business travel market."
To assess the accuracy of this statement, you can research data and industry reports on the growth prospects of the managed business travel segment and the leisure/unmanaged business travel market. Look for statistics or expert opinions to determine if one segment indeed presents more growth opportunities. If reputable sources support this claim, it is true. Conversely, if the evidence doesn't support this statement, it is false.
3. "Online travel services are one of the few sectors in which pure online firms have generally been profitable."
To verify the validity of this statement, you can research financial reports, industry studies, or articles on the profitability of pure online firms within the online travel services sector. Look for evidence that supports or contradicts the claim that online travel services are among the few sectors with consistently profitable pure online firms. If there is substantial evidence supporting this statement, it is true. In contrast, if data shows that pure online firms within the online travel services sector have struggled to be profitable, this statement would be false.
4. "Price competition among online travel services is difficult, as comparison shopping for better prices is easy."
To assess the accuracy of this statement, you can analyze the online travel services market and consider factors such as price transparency, competition, and customer behavior. Look for information on the ease of comparing prices across different online travel services platforms. If you find evidence suggesting that price competition is indeed challenging due to easy comparison shopping, this statement is true. However, if research indicates that price competition is prevalent and customers can easily find better prices through comparison shopping, this statement would be false.
By conducting the necessary research and analysis, you can determine which statement is not true based on the available evidence.