Following Deregulation in the Airline Industry

question 53

Multiple Choice

Following deregulation in the airline industry,

• A)small carriers have gone out of business but large carriers have not.
• B)large carriers have gone out of business but small carriers have not.
• C)both large carriers and small carriers have gone out of business.
• D)neither large carriers nor small carriers have gone out of business.

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Definitions:

Strategic Plans

Detailed documents that outline an organization's goals for the future and the actions needed to achieve those goals.

Specific Department

A distinct division within an organization, focused on a particular area of work or specialization.

Tactical Plans

Short-term, detailed plans formulated to implement strategies and achieve specific objectives within an organization.

Operational Plans

Detailed, short-term action plans that outline how strategic goals will be achieved by an organization, specifying resources needed and processes to follow.