Deregulation of the Airline Markets Reduced Waste, Increased Efficiency, And

question 50

Multiple Choice

Deregulation of the airline markets reduced waste, increased efficiency, and:

• A) eliminated competition.
• B) improved allocation of resources.
• C) raised prices.
• D) caused an increase in costs.

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Definitions:

Competitive Advantages

Competitive advantages are attributes that allow a company to outperform its competitors, such as superior products, branding, or efficiency.

Marketing Strategies

Overall game plans designed to achieve marketing objectives, involving targeting, positioning, and the effective allocation of resources.

Competitors

Other businesses that offer similar products or services within the same market and vie for the same potential customers.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.