GMAT Exam Dumps : Graduate Management Admission Test (2022)

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Fifteen percent of the airlines were responsible for 97 percent of all air miles flown, and those airlines were involved in 87 percent of the accidents.

The accident-prone airlines were cited by their governments for a significantly higher number of safety violations than were the other airlines.

After an airline is involved in a serious accident, many of its regular customers switch to another airline, and some flights are canceled.

Twenty percent of the airlines employ personnel currently serving in their country's armed forces.

Twenty-four percent of the airplanes in regular service are over fifteen years old.

More consumers have become price-sensitive over the last ten years and this trend will continue for the foreseeable future.

Gray markets typically remain strong even in markets where authorized retailers have introduced service enhancements.

Price wars among authorized retailers, triggered by the appearance of gray markets when few, if any, consumers are price-insensitive, lead to a cycle of increasing price reductions that severely narrow profit margins.

Authorized retailers who are competing for the business of price-insensitive consumers often become involved in a cycle of expensive service enhancements that significantly narrow profit margins.

Manufacturers who fear that gray marketing will tarnish their brand names sometimes subsidize advertising for authorized retailers, thereby narrowing the manufacturers' profit margins.