Author Question: Why do you think improvements in aircraft technology came much earlier than comparable gains in ... (Read 37 times)

future617RT · **on:** Sep 11, 2019

Question 1

Is the casino industry sensitive or impervious to the business cycle? Discuss.

What will be an ideal response?

Question 2

Why do you think improvements in aircraft technology came much earlier than comparable gains in reservations services?

What will be an ideal response?

laurnthompson · **Reply #1 on:** Sep 11, 2019

Answer 1

Because casinos primarily attract a leisure clientele, the industry is highly sensitive to the business cycle. Leisure activities, like other non-necessities, are a postponable consumption activity. Only gambling addicts would not be deterred by adverse economic conditions.

Answer 2

Since many of those who ran airlines were pilots or ex-pilots, there was continuous demand for new toys and manufacturers were anxious to oblige. On the other hand, not much attention was paid to reservations systems until those systems began to be overwhelmed by the weight of the bookings that could not be handled by the primitive methods in place. American Airlines with the IBM Corporation pioneered the development of automated systems.