What Are Two Ways the Airline Industry Can Benefit from the Implementation

question 117

Essay

What are two ways the airline industry can benefit from the implementation of CRM systems? Explain your answer.

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Definitions:

Decision Making

Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Goods Manufactured

The total value or volume of products produced by a company during a specific period.

Period Costs

Expenses that are not directly associated with the production of goods and are expensed in the period they are incurred, such as selling and administrative expenses.

Product Costs

Expenses directly incurred in the manufacturing of a product.