In Peripheral Countries It Is Not Unusual for Hotels in Tourist

question 35

Multiple Choice

In peripheral countries it is not unusual for hotels in tourist areas to be owned by

• A)worker's cooperatives.
• B)local or regional governments.
• C)local owner operators.
• D)multinational corporations.

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Definitions:

Retail Method

An estimating method used to calculate inventory cost, based on the retail price, to determine cost of goods sold and ending inventory.

Inventory Estimating

A method used to approximate the amount of inventory a business has without doing a detailed physical count, often applied in periodic inventory systems.

Merchandise Prices

The set prices at which goods are sold to consumers, influencing revenue, profit margins, and competitive positioning.

Inventory Turnover

A financial ratio indicating the number of times a company's inventory is sold and replaced over a specific period.