Why Do Airlines Limit the Number of Cheap Fares as Compared

question 5

Essay

Why do airlines limit the number of cheap fares as compared with more expensive fares?

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Definitions:

Convergent Manner

Approaching problems or tasks with the aim of narrowing down to a single, optimal solution through logical reasoning.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its rivals, leading to preferred market status.

Creative Thinking

The ability to think in novel and unusual ways and to come up with fresh solutions to problems.

Multiunit Organizations

Organizations that operate in multiple locations or units, often with a degree of autonomy in each unit.