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Otrada [13]
4 years ago
14

What environmental factors have affected the types of costs in the airline industry after 2001? what specific tactics has southw

est deployed to blunt or exploit these environmental factors? how have these factors influenced southwest airline's marketing strategy?
Business
1 answer:
In-s [12.5K]4 years ago
6 0

Explanation:

In 2001 there was a major crisis in the entire air sector, motivated mainly by the terrorist attacks that occurred, the scarcity of oil and the recession.

There have been strong political, economic, environmental, technological changes, etc., which have affected most airlines, such as Southwest Airlines.

Airline companies then had to adopt some strategies to overcome the crisis, such as the adoption of stricter security control procedures, to increase the reliability of services and people, who were prevented by the terrorist attacks and stopped flying. Advances in technology have also positively impacted aviation, currently there is more control, greater inspection of tickets and luggage and greater security.

The companies also took the cost cut by offering fewer flights so that the planes were filled with enough passengers to be able to generate a profit.

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The following inventory valuation errors have been discovered for Knox Corporation:
Whitepunk [10]

Answer:

Income +/- inventory adjustment

2015:   138,000 - 23,000 = 115,000

2016:  254,000 + 61,000 = 315,000

2017:   168,000 + 17,000 = 185,000

Explanation:

<u>Inventory Identity:</u>

Beginning + Purchases = Ending + COGS

As the mistake is on the right side it compensates by the other component which is COGS

<u><em>When the inventory is overstated</em></u> this means COGS is understated.

We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.

<u><em>When the inventory is understated</em></u> this means COGS is overstated.

We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.

7 0
3 years ago
The two main types of e-commerce are
ivann1987 [24]

Answer:

B2B (Business to business) and B2C (Business to consumer)

8 0
3 years ago
When preparing the cash budget, all the following should be considered except
klasskru [66]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Accounts receivable= $296,000

Sales on January= $860,000

First, we need to determine the cash collection for January:

Sales on account from previous months= 296,000

Sales on account January= (860,000*0.8)*0.75= 516,000

Sales in cash January= 860,000*0.2= 172,000

Total cash collection= $984,000

Beginning inventory= $8,000

Ending inventory= $9,400

Cost of goods sold= $10,260

To calculate the budgeted production, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 10,260 + 9,400 - 8,000= $11,660

7 0
3 years ago
The law of demand states that, other things equal: Select one: a. price and quantity demanded are inversely related. b. consumer
Mkey [24]

The law of demand state correct option is (a) price and quantity demanded are inversely related.

What is law of demand states?

The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.

The  rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.

As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.

Learn more about law of demand states, here:

brainly.com/question/10782448

#SPJ1

7 0
2 years ago
Sales this year at Donna's Pawn Shop have been high, and based on several factors, Donna projects next year's sales to also be g
nalin [4]

Answer: Contingency planning

Explanation: In simple words, it refers to the planning for an upcoming event that may or may not occur in the future. This planning is usually done by organisation so that they can act accordingly if any problem in business operations occurs in future.

In the given case, even after having positive forecast, Donna is planning for future uncertainty such as unexpected stoppage on sales.

Thus we can conclude that this is the type of contingency planning.

4 0
3 years ago
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