The lack of competition means that prices are unlikely to fall. Commuters do however have the choice of travelling via another mode of transport, such as by car or coach. However, congestion of the roads during rush hour make it an impractical option, hence, the substitutes for trains are very weak. This means train companies gain even more pricing power as they know that even with higher fairs, consumers are unlikely to switch to substitutes because the substitutes will be very inefficient. Commuters travelling during off-peak periods, between the same two stations are likely to have a much lower fare than those travelling during peak hour periods.
It depends on the industry barriers to entry. If the potential entrance is high, it may lead to increase the degree of industry competition. The industry attractiveness therefore is less due to low profitability (Tutor2u, n.d.). There are number factors of barrier to entry however the key barriers to entry can include: * Economics of scale * Production differentiation * Capital requirements * Customer switching costs * Access to industry distribution channels * Government policies (eNote, 2012) a. Economic scale: European airline industry has achieved economic scale in which it creates a barrier of entry that the new entrants have to compete on a large scale (eNote, 2012).
It might be, at first. But once people get the hang of flying with the Air Enabler, and the air layer infrastructure, there will be far fewer car accidents than we have currently. According to the United States Census Bureau, in 2009, there were 10.8 billion motor vehicle accidents, and this number continues to increase over time.The vast space of the air layers allow for enormous amounts of room in between cars. And in the rare occurrence that you do come threatening close to another car, the Air Enabler will protect you and the other person. All the freeways will merge off a different points to end a safe landing point.
history because a link from the Western part of the United States to the Eastern part of the United States had finally been established. Commercial trains from the East could now transport people to the West and vice versa. This provided for easier transport of humans and commercial goods as well. There was only one problem, the price of each train ticket. Not only did the journey take months to travel from the East to the West by train, but the cost of a ticket was outrageous for most people residing in the U.S. at the time.
Public transportation in Minnesota is also very expensive and there is a process that one needs to go through to access it. For example, you have to call to schedule a taxi or you have to follow a schedule for the buses which at times can be very stressful and sometimes a lengthily process. In Liberia, public transportation is very cheap and easy to access and it is the most common way of transportation because cars are very expensive and not affordable. In Liberia one does not need to call to arrange a taxi pick up, or follow a specific bus schedule. You just walk up in the street and stop a taxi for a ride which is very convenient.
Southwest Airlines – 2008 Case Study Executive Summary Millions of people fly everyday. Southwest airlines provide low-fare travel among 58 cities in the United States. Although the airline industry suffered greatly in the aftermath of September 11, Southwest was able to continue to hold strong. Southwest airline continues to maintain steady sales as much of the industry was affected by changes in laws/regulations and competition entering the market. In the following report there is a brief introduction to Southwest Airlines and their strategy and then what, if anything, they need to do or not do to remain at the top and competitive in the airline industry.
Vacations have been the most popular form of entertainment in the past but the recent alternative is the staycation. No wonder: staycations are safer, cheaper, and easier. So, many may say that staycations are the better choice for the middle class Americans. With so many out of work an outing in the backyard or poolside seems to make more sense.First of all, staycations are safer than traveling on the highways or in planes. Sixteen percent of most fetal deaths in 2008 were because of accidents on the highway.
While most big factories and workshop are in the suburb where there are plenty of space, headquarters and main offices situated in city centers. Distance now becomes an issue. Apparently, automobiles is the only solution to this problem. Dependence on automobiles therefore happens as an inevitable result. Plus, wealth and rural
When a driver shifts a gear down to reduce their speed, they are actually saving on brake repairs and are very fuel efficient. Texaco Fuel Industries reported that Stick shifts cars save 20% more gas than automatic transmission cars. Stick shift cars will respond better to the driver which makes them safer. Safety is an important issue when we talk about cars. People who drive cars with automatic transmissions often do not pay as much attention as they should.
Question 1: What are the advantages of having new modern planes? What are the disadvantages? Advantages: • Less maintenance cost • Reliability of plans • Updates technology • Less fuel consumption • New added safety features • More space available for passengers (leg room) Disadvantages: • Cost of obtaining the new planes • Technology costs to replace or maintain • Finding the staff that have the knowledge / experience to operate the new technology • Increased insurance costs Question 2: What are some of the difficulties in long-term forecasting for air travel? • Predicting economic factors (decrease in air travel) • Fuel prices • Increase to ticket prices • Unexpected disasters for example 9/11 , SWIN flu Question 3: What are some of the difficulties in workforce planning and change for Air Canada? • When Air Canada took over Canadian Airlines, due to this take over Air Canada became heavily unionized because the Pilots, maintenance mechanics, flight attendants, ramp and cargo employees and sales and service agents all had different unions representing them.