Answer:
The correct answer is: B. Bountiful and expected to continue to grow.
The tourism and hospitality industry is a fast growing and developing industry, so in the future, it is expected to grow, and become more bountiful.
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Answer:
The market price is below what some consumers are willing to pay for the product.
Explanation:
Consumer surplus refers to the benefit that a consumer can get by purchasing the product. It is the difference between the consumer's willingness to pay for the product and the price actually paid by the consumer for the product.
Consumer surplus = Consumer's willingness to pay - Market price
Whenever consumer's willingness to pay is higher than the market price, then consumer surplus is out to be positive.
<span>Free enterprise is based solely on private ownership as the means of production. This type of system gives power to its citizens by restricting the government when it comes to ownership and regulating business. Citizens are allowed to freely own and operate a business, make a profit and compete against other businesses.</span>
Answer:
Strategist
Explanation:
According to Rooke and Tolbert, a strategist is a leader that avoids misconceptions and disputes between team members. The leader focuses on the development of the organization and also developing and polishing individual's skills.
The soft skills and always being a helping hand makes this leader more valued by the employees and also a teacher for the team members.
