When Comparing the Buying Power of a Salary Offer of $50,000

question 42

Multiple Choice

When comparing the buying power of a salary offer of $50,000 in Boston with a $53,000 offer in Los Angeles,the Los Angeles salary offer could buy ____ of goods and services in Boston assuming the index was 130.6 for Boston and 114.9 for Los Angeles.

• A) ​$46,628
• B) ​$56,832
• C) ​$60,241
• D) ​$43,989

---

Definitions:

Strategic Analysis

The process of conducting research on the business environment and the company itself to formulate strategy.

Environmental Concerns

Issues related to the natural environment due to human activities or processes, including pollution, natural resource depletion, and climate change.

Strategic Planning

The process of defining a company's direction and making decisions on allocating resources to pursue this direction.

Competitive Intelligence

The gathering and analysis of information about competitors, market trends, and other external factors affecting a business's competitive position.