Which of the Following Explanations Were Given by O'Connor for the Increased

question 84

Multiple Choice

Which of the following explanations were given by O'Connor for the increased consumer perception that on-line reservations offer lower room rates compared to other distribution channels?

• A) Many of the best-known internet retailers i.e., Amazon.com) initially competed with traditional outlets based on price.
• B) Consumers are aware that web-based distribution costs are lower than those of other channels.
• C) Many hotels use the web site to sell last-minute deals at relatively low prices but with short lead times.
• D) All of the above
• E) Only a and b

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Definitions:

FIFO Cost

FIFO, or First-In, First-Out, is an inventory valuation method where the costs of the earliest goods purchased or produced are the first to be recognized in determining cost of goods sold.

Dollar-Value LIFO

An inventory valuation method under Last-In, First-Out principle, adjusting for changes in price level or inflation, allowing for a more accurate financial analysis over time.

Inventory Items

Goods or products that a company holds for the ultimate purpose of sale, part of the current assets on a company's balance sheet.

Periodic LIFO

An inventory valuation method that determines the cost of goods sold and ending inventory using the Last In, First Out principle, applied at the end of the accounting period.