Which of the Following Is the Best Explanation for Why

question 36

Multiple Choice

Which of the following is the best explanation for why the price of gasoline increases during the summer months?

• A) Oil producers have higher costs of production in the summer.
• B) Sellers have to earn profits during the summer to cover losses in the winter.
• C) There is increased driving by families going on vacation.
• D) There is less competition among oil refineries in the summer.
• E) The number of gas stations open 24 hours a day rises in the summer months and so the price must rise to cover the higher costs.

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Definitions:

Global Landscape

Describes the international context or environment in which businesses operate, including economic, political, and cultural dynamics.

External Labour Supply

The availability of potential employees in the job market outside an organization that can be considered for hiring to fulfill HR demand.

Business Context

implies the combination of all internal and external factors that influence the operation and strategy of a company, including market conditions, competition, and regulatory environment.

HR Trends

Refers to the evolving strategies, tools, practices, and technologies in human resource management that aim to enhance employee performance, satisfaction, and retention.