Answer:
Option C is correct.
A fixed cost structure offers greater risk but higher opportunity for profitability than does a variable cost structure.
Explanation:
Under a fixed cost structure, once the fixed costs are recovered the profitability increases at a higher rate than under a variable cost structure.
Answer:
MICE; GIT; FIT
Explanation:
Meetings, Incentives, Conferencing & Exhibitions.
The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, which is a big moneymaker in the travel industry.
Group Inclusive Tour
It is a travel program with a special fare and specific requirements usually a minimum number of persons often more than 5 persons traveling as a group throughout the tour.
Foreign Independent Tour
Though somewhat of a misnomer, an FIT is any customized independent tour arranged by a travel agent.
The elasticity of demand for college and university education is elastic. Thus, if the price of education is high, low-income students would decide not to get education. In order to incentivise low-income students, schools offer financial aid.
<h3>What does the elasticity of demand mean?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
When Services are rendered, revenue is traduitionally recognized in the accounting records. The option you are looking for is B. Hope this works for you.
Answer:
False
Explanation:
The reason is that the leader must always be guider in times of difficulty for the subordinates otherwise it would be more time consuming and would increase the cost to the company. The leaders are always adviced to help and train their team members to increase their productivity because experience and understanding of problem solution brings productivity.
