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In Communication Competency: How did the board of directors at JetBlue respond following the sincere apology delivered by CEO David Neeleman for the disastrous response the airline had during an ice storm that hit New York?
Predatory Pricing
A pricing strategy where a company sets prices below cost to eliminate competition and establish a monopoly over time.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, resulting in a reduced cost per unit.
Legal Barriers
Restrictions or regulations established by law that limit entry or operation in certain markets or industries.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in average costs per unit.
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