Airline passengers in Europe receive much greater monetary compensation when they are bumped due to overbooking than do passengers in the United States. How do airline passengers determine what is "fair" when there is a service failure?

What will be an ideal response?


Consumers use a variety of factors to determine what they think is a fair resolution to a service failure. Past experience when they have been bumped is one factor. Treatment of other passengers is a second factor. What they have read and stories from their friends will also influence what consumers consider a fair resolution.

Business

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________ is the science of using psychology and demographics to better understand consumers

A) Psychographics B) Interactionism C) Clustering D) Demographic transition E) Customerization

Business

Define cross-sectional design and longitudinal design. Develop an example of each using the same basic situation

What will be an ideal response?

Business

How does the general conflicts of interest rule work? What determines if the lawyer cannot seek the client’s consent to continue the representation when a conflict is discovered?

What will be an ideal response?

Business

Which of the following is NOT a likely driver for an economic bubble?

A) sound logic B) desire for wealth C) irrational exuberance D) fast-growing business sector E) extensive availability of capital

Business