The Price Difference for the Classes of Fares Depends Mainly

question 12

Multiple Choice

The price difference for the classes of fares depends mainly on the following except:

• A) passenger seating space.
• B) sections of the plane.
• C) cost of meals served.
• D) the destination the plane goes.
• E) level of attendant service.

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Definitions:

Foreign Market

Markets outside of a company's home country where it conducts or seeks to conduct business.

Primary Value Chain

The sequence of activities an organization undertakes to develop, produce, and sell its products or services, generating value for customers.

Production Function

An economic model expressing the relationship between inputs (like labor, capital) used in production and the output of those production processes.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.