Answer:
The correct answer is: marginal analysis
Explanation:
Marginal analysis allows individuals to maximize their utility by weighing marginal benefits against marginal costs. Doing this analysis prior to decision making leads to optimal decisions. In economic theory, whenever marginal benefit equals or exceeds marginal costs, a rational decision is being made.
Kenya Airways is known to have an unsatisfactory and lingering issues with customers relationship and because running their business with CRM, they were able to effectively handle it
<h3>What was the main cause of failure of Kenya
Airways?</h3>
A key factor to the fall of Kenya Airways was Poor customer relations as this lead to a lot of flight cancellation which the airline was said to have heaped the blame on the lack of passengers.
Note that Customer Relationship Management (CRM) are methods, strategies and tools used by firms to run, manage and analyze customer interactions.
Note that, Kenya Airways is known to have an unsatisfactory and lingering issues with customers relationship and because running their business with CRM, they were able to effectively handle it
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The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions. ... In other words, the higher the price, the lower the quantity demanded.
