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Scenario 2.1
Use the following to answer the questions.
Southwest Airlines has a history of being able to retain its employees due to the atmosphere and culture of the company.Employees have been known to dress up in costume on an airplane,engage in "games" with the passengers,and generally provide a fun atmosphere for traveling.While other airlines have low rates of customer satisfaction,Southwest tends to maintain a high rating with its customers.Recent gas price hikes have caused most airlines to charge for checked luggage and to fill every flight to its maximum,adding to the negative experience of airline travel.Southwest keeps its costs low through several methods,one being that they do not serve meals on flights,or provide pre-boarding passes.The typical flight is two hours or less and occurs between several selected cities rather than flying to practically anywhere in the country.Southwest is known for its low fares,its dependability,and its on-time flights.
-Refer to Scenario 2.1.Southwest's low fares,dependability,and its on-time flights represent its
Entrepreneurship Growth
The expansion and scaling of entrepreneurial activities and businesses, characterized by increased output, innovation, and market share.
Worldwide Phenomenon
A global event or situation that occurs or is recognized across the world.
Classic Entrepreneurs
Individuals who innovate, start, manage, and assume the risk for businesses with the aim to grow and succeed.
Innovations
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
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