From Your Reading of the Southwest Airlines Case Study,the Company

question 51

Multiple Choice

From your reading of the Southwest Airlines case study,the company implemented which type of system to reduce aircraft groundings?

• A)CRM
• B)SCM
• C)Enterprise system
• D)SFA

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Definitions:

Standard Price

Standard price is a predetermined cost assigned to materials and goods, used in budgeting and costing calculations.

Actual Price

The real price at which a transaction takes place, unaffected by any discounts or premiums.

Variable Budget

A budget that adjusts spending levels based on changes in actual revenue or other financial indicators.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.