Question

Hottickets is a web-based business that buys popular concert tickets in bulk. It buys the tickets at a low price because it qualifies for group ticket discounts offered by concert promoters. Hotticket then marks up and immediately resells the tickets it has purchased to interested individuals who visit the Hotticket website. What is the name of the activity Hottickets is engaging in?

Answer 1

Answer:

The correct answer is Arbitrage.

Explanation:

Arbitration is a procedure by which a dispute is submitted, by agreement of the parties, to an arbitrator or to a court of several arbitrators that issues a decision on the dispute that is binding on the parties. When choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.