Describe the Similarities and Differences Between Trip Reports and Progress

question 18

Essay

Describe the similarities and differences between trip reports and progress reports. Why are these two types of reports vital to business operations?

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Definitions:

Large Part

A phrase indicating a significant portion or majority of a whole.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to a change in price.

Substitutes

Products or services that can be used in place of each other; an increase in the price of one leads to an increase in demand for the other.

Available

Referring to resources or goods that are obtainable and can be utilized.