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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 749 |
Essay's paper body
Mature industry life cycle.
The Bargaining Power of Buyers: Medium to High
?? Internet gives the power to the customers to search for the low fares.
?? Leisure travelers who are not sensitive with the price and most of them are loyalty to the particular industry that offer the best service and offer the best flying experience...
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This allows them to have power of suppliers in the airline industry.
?? Airline workers are unionized, which let them have power of labor supply.
?? OPEC countries have the significant impact for airline industry. The reason is that the fuel is another substantial input cost for airlines, ranging from about 8% to 10% of revenues...
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General points of the essay
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In the previous section, Hobbes introduced the concept of "Power" and the restless human appetite to achieve it. He divides power into two kinds: Natural and Instrumental. Natural power derives from the faculties of the body or mind, such as stren...
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