Term Paper on "Temperature in My Hometown Business Research Problem"
Term Paper 3 pages (1136 words) Sources: 1+
[EXCERPT] . . . .
Temperature in my HometownBusiness Research Problem
How do unexpected changes in local temperature affect the local economy, such as consumer buying patterns? For example, due to the increased costs of electricity in the summer because of the greater need for air conditioning in consumer's homes, as well as retail establishments, and the cost of heating homes and businesses during the winter, consumers will have less disposable income to spend on other goods and services and thus may spend less. Businesses will have more expenses, namely to keep their retail spaces hot or cool and thus may be hard hit economically by temperature fluctuations. Other businesses, such as air conditioning or heating services, may benefit from extreme conditions. Stores such as Home Depot or stores that sell cool or warm weather clothing and gear may see an upturn in trade, depending on the temperature. This seems obvious, unless a hot spell or a cold spell hits during an inconvenient time, such as warm weather striking when skiing stores are trying to the newest gear for he upcoming season in December.
Using the data from Clifton Heights, PA, regarding the temperatures of August 2005, one can explore the specific business research question if the weather patterns over the month were overall salutary or harmful to businesses, and specifically to what businesses were the temperatures more or less harmful, or even helpful, during the month.
Overview of Issue
Increasingly, the problem of extreme weather conditions has gotten more and more national press over the past years. This has been particularly true of the past several weeks,
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Just recently, the Associated Press wire reported that this winter's heating costs might increase as much as twenty percent because of the damage done by Hurricane Katrina to the Gulf Coast refineries in the South, and the corresponding increases in the price of oil and gasoline. This event shows how changes in the weather can suddenly give consumers less money to spend on other goods and services, and give retailers an added difficulty in terms of dealing with the drain on their transportation budgets and the operating costs of keeping their stores open. This weather-related problem is particularly difficult this year, however, because even the regions not directly hit by the hurricane have been dealing with larger than normal fluctuations in temperature on both extremes of the spectrum, as well as higher… READ MORE
Quoted Instructions for "Temperature in My Hometown Business Research Problem" Assignment:
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Below are the paper requirements:
Research Process Outline
[1] Identify a research issue, opportunity, or problem that uses data that has absolute zero measurements “the temperature in your hometown over the course of a month”. This issue, opportunity, or problem will serve as the basis and subsequent assignments,
[2] Prepare a -word paper describing your selected research issue, opportunity, or problem. Include [3] a definition of your selection using quantifiable measures. Finally, [4] describe a business research process that you would follow for addressing or finding a solution to your selected issue, opportunity, or problem.
The given topic is “the temperature in your hometown over the course of a month.” Please use data specifically for Clifton Heights, Pennsylvania.
Here's some helpful links for accuweather
http://wwwa.accuweather.com/index.asp?partner=accuweather&myadc=0&traveler=1
Here’s the month of August for my hometown:
http://wwwa.accuweather.com/forecast-climo.asp?partner=accuweather&myadc=0&traveler=1&zipcode=19018&metric=0
How to Reference "Temperature in My Hometown Business Research Problem" Term Paper in a Bibliography
“Temperature in My Hometown Business Research Problem.” A1-TermPaper.com, 2005, https://www.a1-termpaper.com/topics/essay/temperature-hometown-business/3298268. Accessed 1 Jul 2024.
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