1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Agata [3.3K]
3 years ago
15

As a New York businessperson who does a lot of flying, you are keenly aware of even small changes in airfare from New York to Ch

icago. You have flown this route long enough to know that each airline is essentially a perfect substitute for the others. You notice that every time the largest airline changes the price, smaller airlines follow, but the smaller airlines are always priced slightly below the fare of the largest airline. This industry could best be described as one with:
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

Price leadership.

Explanation:

Based on the information provided within the question it can be said that this industry could best be described as one with Price leadership. This refers to an industry in which the dominant company sets the prices in that market and the other companies in that market follow the price that has already been set. Which is exactly the case in this scenario as the other smaller companies adjust their prices according to the price set by the largest airline.

You might be interested in
Consider the following statements regarding traditional costing systems:
joja [24]

Answer:

Statement I and III

Explanation:

Under traditional costing, there is no such identification of various activity pools like activity costing, there is general allocation of overheads based on overhead assigned on labor hours, or machine hours etc:

This is the method in which volume of goods is important and that is what matters for cost allocation.

Further, when they require numerous activities and then the costs allocation based on each different process or activity is not possible as number of activities are really high.

Therefore Statement I and Statement III are correct.

5 0
3 years ago
In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use
Marta_Voda [28]

Answer:

a. True

Explanation:

For accomplishing the company objective, the planning plays a major role without planning the goals of the company could not able to achieve.

Also to measure the performance for each key, the benchmarks is also plays a vital role as it defines the difference between the standard performance and the actual performance

Hence, the given statement is true

7 0
3 years ago
What are some good outdoor thing to do outside for the summer<br> list as many as can
Yakvenalex [24]

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

3 0
3 years ago
If improvements occur with any of the four factors of production what occurs with the real output?
hammer [34]

Answer:

c. it shifts to the right

Explanation:

Output refers to the total production in the economy. It is equivalent to the total quantity of goods and services supplied in the economy per period. The total output is equivalent to the aggregate supply. Therefore, the output curve will behave as the aggregate supply curve.

Favorable economic conditions increase the total output by firms. Improvement in factors of production will have the same effect as improvement in technology or reduction in taxes. A fall in the price of outputs will encourage more firms to produce more, making the curve to shift to the right.

7 0
3 years ago
When practicing skills you should focus on _____________?
sesenic [268]
I believe the answer id D) all of the above.

the reason for this is because when you want to learn a skill you want to be able to actively know the skill and use it at will. you also need to be able to do it in an efficient manner and you also need to understand why you need this skill and why it is important for you to learn it.

i really hope this helped and have a nice day :)
 <span />
5 0
3 years ago
Read 2 more answers
Other questions:
  • An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
    11·1 answer
  • Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
    8·1 answer
  • If the CPI is 123 in year 1 and 143 in year 2, what is the approximate percentage change in prices between the two years?
    15·1 answer
  • Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
    10·2 answers
  • Marginal benefit is a gain from an increase or loss from a decrease in the consumption of a good or service. Marginal benefit is
    14·2 answers
  • The following information applies to Caroline, who is single, for 2017:
    6·1 answer
  • Court Inc. produces two types of products - Gizmos and Gadgets. The following information is available related to each product:
    14·1 answer
  • Using the CAPM, compute the cost of equity capital for the lodging division at the target leverage ratio for the division. Expla
    6·1 answer
  • Western Electric has 21,000 shares of common stock outstanding at a price per share of $61 and a rate of return of 15.6 percent.
    6·1 answer
  • Potential problems with incentive based compensation are a. ​not evaluating the relevant performance measures b. ​rewarding outc
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!