By Using Significant Standardization in the Use of Aircrafts and by Streamlining

question 58

Multiple Choice

By using significant standardization in the use of aircrafts and by streamlining its operations,Southwest Airlines competes by offering its' flights at a lower price than the competition.According to Michael Porter,the strategy that Southwest Airlines is using is

• A)low- cost.
• B)differentiation.
• C)value transfer.
• D)efficiency frontier.
• E)diversification.

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Definitions:

Profit Sharing

A corporate incentive plan where employees receive a portion of the company's profits, linking compensation to the company's financial performance.

Boundary Disputes

Conflicts between landowners or jurisdictions over the precise line that divides one entity from another.

Real Property

Real property refers to land and any permanent structures on it, including buildings and natural resources.

UCC's Writing Requirements

refers to the stipulations under the Uniform Commercial Code that dictate when a contract must be in writing to be enforceable.