By Focusing on Efficiency of Operations and Processes, Lower Costs

question 17

Multiple Choice

By focusing on efficiency of operations and processes, lower costs, and delivering good value, Southwest Airlines attempts to build a competitive advantage based on:

• A) production orientation.
• B) customer intimacy.
• C) process improvement.
• D) operational excellence.
• E) strategic efficiency.

Gain knowledge of the history of child development.

Analyze how changes in price affect consumer surplus.

Interpret tables showing willingness to pay and calculate consumer surplus for individuals and markets.

Understand the relationship between a consumer's willingness to pay, market price, and consumer surplus.

---

Definitions:

Earthworms

Earthworms are soil-dwelling invertebrates that play a crucial role in enhancing soil fertility and promoting decomposition and nutrient cycling.

Usable Energy

Energy in forms that can be directly used by humans or converted to other forms of energy for work, including mechanical, electrical, and chemical energies.

Biomass

The total mass of all living organisms in a specific area or volume; often used as a renewable energy source derived from plant and animal material.

Trophic Level

The position an organism occupies in a food chain, defined by the number of steps it is from the primary source of energy (usually the sun); it indicates the organism's role in the transfer of energy and nutrients through an ecosystem.