In the Airline Industry, Consolidation Among Fuel Providers Serving Airport

question 17

Multiple Choice

In the airline industry, consolidation among fuel providers serving airport facilities would be considered as ____ factor in the five forces model of competition.

• A) a reduction of the airlines' abilities to enjoy economies of scale
• B) an increase in switching costs because the airlines have no choice but to use jet fuel and other oil products
• C) an increase in the bargaining power of suppliers of a critical input
• D) an increase in the intensity of rivalry among airlines for scarce resources

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Definitions:

Guilty Act

Refers to the actus reus in criminal law, which is the physical act or unlawful omission leading to a crime.

Larceny

The unlawful taking, attempting to take, carrying, leading, or riding away of another person’s property with intent to permanently deprive the rightful owner of the property.

United States v. Park

A significant case in which the U.S. Supreme Court held that a corporate officer could be held criminally liable under the Federal Food, Drug, and Cosmetic Act for failing to prevent or remedy violations of its provisions.

Corporate Executives

Individuals who hold senior management positions within a corporation, responsible for making major corporate decisions.