A company's capital structure will always be pretty complex, and every company may have slight variations to a traditional design discussed in textbooks or classrooms. Many factors can cause a capital structure to be different. These can include the need to account for volatility within the company. For instance, a seasonal business will have a different capital structure because the business will be booming while in season and may be struggling or making ends meet during the slow period. Also, the capital structure may be influenced by the need of potential or current investors in the company. The seasons are the most substantial reason for the company's differing capital structure. Seasonal businesses must be able to budget and operate within the slow seasons, meaning their strong season needs to compensate for the slow season. This can cause a company to have a different capital structure than traditional businesses that do not have seasons and are busy year-round. Season businesses could include tourist businesses such as a ski resort or even gas because people will drive more during summer or expected travel times like the holidays.

Do you agree with this response to a company's capital structure?