Examlex
Airlines such as Emirates exploit the profit pool for competitive advantage by adding fees for a variety of services such as access to airport lounges.
Opportunity Costs
The cost associated with not choosing the next best alternative in a decision-making process.
Operating System
The software that manages the hardware and software resources of a computer system and provides common services for computer programs.
Large Profits
Substantial earnings exceeding the costs of production and operation of a business.
Innovation
The process of creating new ideas, products, or methods, which can significantly change market dynamics or societal practices.
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