MATCHING Choose the Item in Column 2 That Best Matches

question 19

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Cross-price elasticity

• A)The bed tax
• B)The measures that tells how sensitive demand is for one good or service to changes in the price of a related good or service
• C)The ripple effect
• D)A set of "accounting" rules to measure the economic contributions of tourism as an industry
• E)The state of pricing at which quantity demanded equals quantity supplied
• F)The cost of a resource is its value in its next best use
• G)The measures that tells how sensitive demand is to changes in income
• H)The total value of goods and services produced in a nation
• I)A variation pricing based on demand
• J)A leakage from a destination area

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Definitions:

Strategies

Long-term plans of action designed to achieve a particular goal or set of objectives, particularly in the context of business, military, or political operations.

Delivery Reliability

The ability of a company to deliver products or services to customers within the promised time frame consistently.

Promised Time

A specified duration or a moment in the future at which certain events are foretold or expected to happen.

Differentiation

A strategy businesses use to distinguish their products or services from those of competitors, often through unique features or superior quality.