Or ay of these questions please QUESTION 3 Two large airline companies have for

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Or ay of these questions please

QUESTION 3 Two large airline companies have for many years offered similar flight arrangements and services in a particular market. They also share airport terminal buildings, and at some airports share aircraft servicing facilities. A new company commences airline services in competition with the existing airlines. Neither of the existing airlines provides any assistance to or cooperation with the new airline. They also introduce large discounts on their prices (something they seldom did previously) and apply pressure on travel agents to promote their services and not to promote the services of the new airline. Discuss

Explanation / Answer

According to the Trade Practice, Murrandoo to be compensated for the loss due to the exchange rates fluctuations.

Murrandoo should be compensated for the loss he faced because of exchange rate fluctuations.

He took the loan on the suggestion and trust of the bankers. So he needs to be compensated if bears loss because of such decision which he took in the influence of the bankers.

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