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Those Variables That Can Affect Significantly the Overall Competitive Positions

question 81

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Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as


Definitions:

Marginal Revenue

The incremental income achieved by dispensing one more unit of a good or service.

Full-Fare Customers

Passengers who pay the full, un-discounted price for their tickets, typically providing higher revenue per seat for service providers.

Peak-Load Pricing

A pricing strategy that sets higher prices during times of high demand and lower prices during times of low demand.

Marginal Cost

The additional charge of creating one more unit of a product or service.

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