Answer:
1- experiential
Explanation:
Based on the scenario being described it can be said that the observational approach Best Western used is called experiential research. This is a kind of research in which the subjects contribute to the content of the research as well as the creative thinking that helps the researchers draw conclusions from the content. Which is what the subjects are technically doing by filming their entire vacation experience for the research.
Answer:
inflation rate = 4.66%
Explanation:
we can determine the inflation rate using the future value formula:
future value = present value x (1 + i)ⁿ
- future value = $68.69
- present value = $10.61
- n = 41 years
- i = inflation rate ?
$68.69 = $10.61 x (1 + i)⁴¹
(1 + i)⁴¹ = $68.69 / $10.61 = 6.474081056
⁴¹√(1 + i)⁴¹ = ⁴¹√6.474081056
1 + i = 1.0466
i = 1.0466 - 1 = 0.0466 = 4.66%
Answer:
a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.
b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.
Explanation:
Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.
Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.
Based on this explanation, we have:
a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.
b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.
Answer: First-Mover Advantage
Explanation:
The FIRST MOVER is a SERVICE, PRODUCT or COMPANY that gains a COMPETITIVE ADVANTAGE by getting to a market first.
Advantages of this include being able to establish Strong Brand and Customer Loyalty before competitors come into the market and the opportunity of extra time to perfect marketing and production strategies to fully capitalise on market share.
First movers are usually followed by competitors immediately but more often than not, the first mover has established such a strong market share and a solid enough customer base that it maintains the majority of the market.
Answer and Explanation:
The computation of the lower of cost or market for ending inventory applied separately to each product is presented below:
Product Units (A) Cost per Unit Market per Unit Minimum cost (B) Value (A × B)
Helmets 24 $50 $54 $50 $1,200
Bats 17 $78 $72 $72 $1,224
Shoes 38 $95 $91 $91 $3,458
Uniforms 42 $36 $36 $36 $1,512
Total cost $7,394
First we take the lower unit of cost or market and after than the lower unit should be multiplied with the number of units so that the ending inventory could come