The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.
<h3>What is commodification?</h3>
This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.
Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.
Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.
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Answer: The correct answer is "C) a cost that cannot be avoided because it has already been incurred.".
Explanation: Sunk costs are those costs that have already been incurred and cannot be recovered in the future.
Example: Suppose a company wants to launch a new product for which it has commissioned a market study whose cost is $ 5000.
Once the market study is obtained, the company is not convinced that the product will be successful. When analyzing the decision The first thing to recognize that the expenses incurred ($ 5000) are sunk costs, will not be recovered and therefore should not influence the decision about the product.
The purpose of insulation is to slow the rate of heat transfer.. in cold climates, it is intended to stop the flow of heat out of the building. In hot climates, it’s purpose is to slow the movement of heat into the building.
In the critical incident method, the manager keeps a written record of both favorable and unfavorable actions performed by an employee during the entire rating period.
<h3>What is critical incident method?</h3>
Critical incident method is an appraisal methods used for an employee.
The technique helps to check and analyze the behavior of an employee in a given company over a period of time.
This record can help to take critical actions and make important decision regarding the employee. It can also serve as pointer and reference for future decision.
Therefore, In the critical incident method, the manager keeps a written record of both favorable and unfavorable actions performed by an employee during the entire rating period
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Geographic sales metrics would be most useful for him to review. This report assists visitor in locating insights based on geography. Users can recognize and react to top geographical trends quickly.
Geographic Sales Insights
This report assists visitor in locating insights based on geography. Users can recognize and react to top geographical trends quickly. The report includes information on the state, town, and ZIP code where your products were shipped. For a variety of reasons, differences between reports fragmented or clustered by geographic area and reviews without such segments or groups are to be expected. Some metrics, for example, may not be attributed to a specific geographical area, visits may not be included within small geographic areas, and spam filtering is not obtainable for reports segmented by geographic areas.
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