You Have Just Flown First-Class from Winnipeg to Calgary

question 47

Essay

You have just flown first-class from Winnipeg to Calgary. Last month you flew economy-class from Ottawa to Vancouver. When assessing the quality of service you received on both flights, you admit that you preferred the economy-class flight. List three possible factors that may have led to that variability.

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Definitions:

Spread

The difference between the bid and the ask price of a security or the difference between the interest rate paid for deposits and received for loans.

Institutional Investors

Organizations such as banks, insurance companies, and pension funds that make substantial investments on the capital markets.

Major Exchanges

The leading stock exchanges worldwide, such as the New York Stock Exchange and the Nasdaq, where securities are bought and sold.

Price Setting

The process by which a company determines the selling price of its products or services.