A Profit-Maximizing Oriented Carrier Will Not Set a Price in the Long-Run

question 4

Multiple Choice

A profit-maximizing oriented carrier will not set a price in the long-run that would:

• A) reduce variable costs.
• B) increase fixed costs.
• C) increase customer satisfaction with services rendered.
• D) prohibit the movement of freight or passengers.

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Definitions:

Negligent

Negligence refers to a failure to take reasonable care or steps to prevent loss or injury to another person.

Permissive

A parenting style characterized by low demands with high responsiveness.

Westernized Cultures

Societies influenced by Western, particularly European and North American, values, practices, and lifestyle choices.

Asian Cultures

The shared practices, languages, traditions, and beliefs of people living in Asian countries, which are diverse and vary significantly across the region.