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igor_vitrenko [27]
3 years ago
13

When its sales were declining, Canadian Airline conducted a marketing survey to understand the expectations of the business trav

eler, its target market. It learned business travelers resent that they are bosses in their own offices but are totally controlled by the airlines when they travel. Canadian Airline instituted gate-side business centers, shower facilities and massage chairs as well as continuous "power to the seat" for those who want to work on their laptops. By listening to its business travelers and providing the services they want, Canadian Airline's sales started increasing. What service recovery strategy did Canadian Airline use?
a. Learn from recovery experience
b. Respond quickly
c. Encourage and track complaints
d. Procedural fairness
Business
1 answer:
V125BC [204]3 years ago
6 0

<u>Answer:</u>

<em>A. Learn from recovery experience </em>

<em></em>

<u>Explanation:</u>

In light of this, service recovery is the choice an organization takes in response to help failures, with the point of changing the frustration of the client to fulfillment and in response to the longterm holding of these customers.

If an organization can eliminate service failures, they can figure out how to viably manage these failures, keeping up and upgrading their clients' fulfillment. A few touch points are not controllable by the carrier organizations; however, the aircraft is responsible for conveying the issues or defers that can happen while in the air terminal.

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Eric has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Ginny, whom
KengaRu [80]

Answer:

Correctly ignored a sunk cost.

Explanation:

In economics a sunk cost is one that an individual has already paid for and cannot recover. For example when payment is made for rent it is no longer recoverable.

In this instance Eric has already bought a $50 ticket that is nonrefundable, nonexchangeable, and nontransferable. This is a sunk cost.

Eric wants to go to the concert with Ginny who he wanted to date for a long time.

He will correctly ignore the sunk cost of going to the play because any more time spent on the play will not help recover the $50 already spent.

7 0
2 years ago
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:
Damm [24]

Answer:

Total administrative expense= $317,000

Explanation:

Giving the following information:

The budgeted unit sales:

1st Quarter= 15,000

2nd Quarter= 16,000

3rd Quarter= 14,000

4th Quarter= 13,000

-Variable selling and administrative expense per unit is $2.50.

-Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter

-Executive salaries of $35,000 per quarter

1st Q:

Variable= 2.5*15,000= $37,500

Fixed= 8,000 + 35,000= $43,000

2nd Q:

Variable= 2.5*16,000= $40,000

Fixed= 8,000 + 35,000= $43,000

3rd Q:

Variable= 2.5*14,000= $35,000

Fixed= 8,000 + 35,000= $43,000

4th Q:

Variable= 2.5*13,000= $32,500

Fixed= 8,000 + 35,000= $43,000

Total administrative expense= $317,000

5 0
2 years ago
The following incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporati
lisov135 [29]

Answer:

$(52)

Explanation:

Calculation to determine the net pension asset/liability reported in the balance sheet at the end of the year

First step is to calculate the Ending PBO using this formula

Ending PBO=(Asset Beginning balance)+(Service cost)+(Interest cost)+(Loss on PBO)+Retiree benefits

Let plug in the formula

Ending PBO = $(880) + ($78) + ($44) + ($8) + $81

Ending PBO= $(929)

Now let calculate the Net pension liability

Using this formula

Net pension liability=(Ending PBO)+Ending balance

Let plug in the formula

Net pension liability = $(929) + $877

Net pension liability= $(52)

Therefore the net pension liability reported in the balance sheet at the end of the year is $(52)

5 0
2 years ago
An obligation that has an interest rate that floats and that is reset on a daily or weekly basis, and that gives the holder the
Schach [20]

Answer:

Variable rate demand obligation

Explanation:

The question is descriptive of a municipal variable rate demand obligation. Through this a municipality issues a long-term security at short-term and lower interest rates. The interest rate is reset at given period. It could be done daily. The holder can decide to put the bond back to the issuer at any of the reset date. They mature finally at a date of 10 years after issuance, and then they will be repaid.

7 0
3 years ago
If you deposit $5,000 4 years from today, how much can you withdraw 10 years from today if interest is 7 percent per year compou
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Answer:

$12,892.67

Explanation:

Given:

Deposit amount (P) = $5,000

Interest Rate(I) = 7% (compounded annually) = 7/100 = 0.07

Number of years (n) = 10+4 = 14 years

Amount (A)=?

Calculation:

A = P (1 + I)^n\\    = 5,000 (1+0.07)^{14}\\    = 5,000(1.07)^{14}\\=5,000(2.57853415)\\=12,892.6708

Amount = $12,892.67

So, we get $12,892.67 , 10 years from today.

7 0
2 years ago
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