Yelp Travel Services Has Devised a Unique Way to Attract

question 2

Multiple Choice

Yelp Travel Services has devised a unique way to attract customers. It provides affordable lodging facilities to its travelers who arrive at the bus station after midnight. In the context of strategic positioning, Yelp Travel Services has chosen a(n) _____ to service its clients in this scenario.

• A) value-based approach
• B) low-cost approach
• C) differentiation leadership approach
• D) adverse impact approach

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Definitions:

Principle of Consistency

An accounting principle that necessitates the use of the same accounting methods and practices from one period to the next for comparability.

Inventory Valuation Method

A system or approach used to calculate the ending inventory's cost and determine the cost of goods sold, affecting the company's profitability and inventory balance.

Fiscal Period

A specific time period for which a business reports financial performance and position, typically a year or quarter.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, not after each transaction.