In a highly competitive industry that traditionally has had a narrow profit margin,JetBlue managed to gain strategic advantage by___________ .
A)reducing cost
B)hiring new employees
C)increasing the seating capacity
D)reducing the number of flights

Question

Quizplus · Accepted Answer

In a highly competitive industry with low-profit margins, reducing costs can be a key strategic advantage. By reducing costs, JetBlue was able to offer lower fares while maintaining profitability. This helped attract more customers, increase market share, and improve revenue. Hiring new employees or increasing seating capacity would increase costs, and reducing the number of flights would decrease revenue.

In a Highly Competitive Industry That Traditionally Has Had a Narrow