A Low-Cost Airline Described as One of the Excellent Companies

question 141

Multiple Choice

A low-cost airline described as one of the excellent companies in the bestseller of the early 1980s, In Search of Excellence, is no longer in business. Industry analysts state that although the service and prices provided by the airline were what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. This scenario is illustrative of which aspect of the competitive environment?

• A) Customers.
• B) Rivals.
• C) Regulators.
• D) The economy.
• E) Social trends.

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Definitions:

Existing Technology

The current state of technological development and the tools and processes available for production.

Developing Countries

Countries characterized by their lower industrialization levels, decreased living standards, and a lesser Human Development Index in comparison to developed nations.

Technologically Backward

Description for entities or economies that have not adopted modern technologies or practices, resulting in lower efficiency and productivity.

Existing Technologies

The current set of tools, machinery, equipment, and processes used in the production of goods or services.