Question: please help ( less than 200 words) a) Discuss the cost-flexibility tradeoff in the context of an airline sector? b) Discuss and also how the

please help ( less than 200 words)

a) Discuss the cost-flexibility tradeoff in the context of an airline sector?

b) Discuss and also how the tradeoff can be overcome by airline companies so that low cost and high flexibility can be achieved as shown by the off-the-diagonal position in figure 6.6.

please help ( less than 200 words) a) Discuss the

THE PRODUCT-PROCESS MATRIX 203 Figure 6.6 Market pressures are requiring operations to be both flexible and low cost Competitive pressure to reduce costs Traditional trade- off 'diagonal between cost and flexibility The need to overcome the traditional cost- flexibility trade-off and achieve high levels of performance Flexibility in both LOW Market fragmentation making flexibility High Cost Low more valuable

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