Answer the questions based on information in the Washington Post article Oil Prices Have Nosedived. Why Aren't Airfares Doing the Same? The term fuel hedging refers to adjusting in‑flight procedures to reduce fuel consumption. signing contracts to pay the same price for fuel for a certain period of time. continually upgrading the airline's fleet to the most efficient planes available. buying stockpiles of fuel when the price is low. Why could fuel hedging make airlines unwilling to lower ticket prices when fuel prices fall? The short term fluctuations in jet fuel prices will not actually decrease airlines' operating costs. Changing the way pilots fly the plane may save fuel, but there are trade‑offs that increase costs elsewhere. The airlines will take advantage of lower market prices to stockpile even more fuel. Fuel savings are used to finance the purchase of new, more efficient planes.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)