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LH301 Historical Perspectives of American BusinessAssignment #7 Macy/HiltonRespond to the following questions in full sentences. (except where asked to list)Each question is worth 10 points. Please use at least 1 researched source cited in APAformat to support your responses. The assignment is worth 40 points.Question 1: how consumers preferred to purchase items by the end of the nineteenthcentury? How did this new way impact how items could be bought and sold? What was theeffect? Write in complete sentences. Explain.(1)(2)Question 2: By the end of the nineteenth century, describe how retail entrepreneurschanged their practices which allowed the middle class to be able to purchase items eventhough they had low wages? What was the impact on American’s way of life? Was R. H.Macy’s strategy different? (Explain)Question 3: List Conrad Hilton’s 10 Rules for Success126.96.36.199.188.8.131.52.9.10.Question 4: Select one of the 10 Rules that you think is most valuable to you. How will youapply it?Identify Rule:Explain: (minimum of 3 sentences)