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Describe how ski resorts manage traditionally seasonal supply and demand fluctuations.
Partnership
The association of two or more persons who act as co-owners of a business.
Fair Market Value
The price at which an asset would trade in a competitive auction setting, reflecting its true value under normal market conditions.
Equipment
Equipment consists of the tools, machinery, and other durable assets used by a business to carry out its operations.
Cash
Money in the form of currency, including coins and banknotes, which is used as a medium of exchange and legal tender.
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