Which of the Following Would Decrease the Supply of Airline

question 80

Multiple Choice

Which of the following would decrease the supply of airline travel?

• A) Reduced numbers of airline travellers.
• B) New airline companies beginning operations.
• C) Higher fuel costs.
• D) Lower prices for airline tickets.

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Definitions:

Differentiation

Distinguishing the offerings of an organization in a way that the customer perceives as adding value.

Low Cost

The strategy or condition of offering products or services at a lower price than competitors, aimed at attracting consumers or achieving higher sales volumes.

Rapid Response

The ability to react quickly and effectively to unforeseen circumstances or emergencies.

Modular Design

A design approach that subdivides a system into smaller parts or modules that can be independently created and then used in different systems to drive multiple functionalities.