Question 5 1 Use following information for questions 5-6. Consider the department store market in Sydney. Two players, David Jones and MYER, are deciding the prices for their new seasonal collection. They could choose either high or low pricing strategy. The payoffs are given by the following table. The first payoff is for David Jones MYER Low High David Jones Low 6,6 7,4 High 4,8 8.9 If David Jones and MYER decide simultaneously, which of the following is true? There is a unique Nash equilibrium. There is no Nash equilibrium. Both shops have a dominant strategy to high pricing strategy. There are two Nash equilibria in this game. None of the other answers is correct. Question 6 1 After David Jones has already printed their catalogue and committed to its price, MYER observes its rival's choice and makes its own decision to price Low or High, which one is subgame perfect equilibrium? I. (High; High if High) II. (High; High if High and Low if Low) III. (Low, Low if Low and High if High) IV/(Low: High if Low) Only II Only I Only I and II There are no subgame perfect equilibria in this game Only III and IV
Answers
Question 5: If David Jones and MYER decide simultaneously, If David Jones and MYER decide simultaneously, then both shops have a dominant strategy to high pricing strategy.
Hence, the correct option is Both shops have a dominant strategy to high pricing strategy.Question 6: After David Jones has already printed their catalogue and committed to its price, MYER observes its rival's choice and makes its own decision to price Low or High,For a subgame perfect equilibrium, it is important to consider each player's move when it is their turn to play. In this situation, the game can be divided into two subgames: in the first subgame, David Jones picks a pricing strategy, and in the second subgame, MYER decides to price either high or low after observing David Jones's decision. If David Jones prices high, MYER will price high because they get the highest payoff from high pricing. If David Jones prices low, MYER will also price low because they get the highest payoff from low pricing. Therefore, the subgame perfect equilibrium is (low, low if low, and high if high), which is only III and IV. Hence, the correct answer is Only III and IV.
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Related Questions
what added value is a gips-compliant firm most likely to receive from undergoing a verification? the firm's:
Answers
In addition to meeting a marketing need, verification will provide a firm claiming adherence with additional assurance that they are, in fact, compliant.
What exactly is a GIPS verification?
Verification is the process by which a verifier determines whether the firm has met all of the GIPS standards' composite construction requirements on a company basis, and the firm's policies and procedures are designed to determine and present performance in accordance with the GIPS standards.
Therefore, In addition, other industries, such as hedge funds, private equity, and real estate, are showing a growing interest in GIPS compliance.
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Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column table with 3 rows. The 1st column is labeled In Favor of Adding Juice Boxes with entries Juice boxes are an alternative for students with dairy allergies, Juice boxes are an easy way to increase fruit offerings on the menu, and Juice boxes are made from recyclable materials. The 2nd column is labeled Against Adding Juice Boxes with entries The serving size of a juice box is insufficient for high school students, The cafeteria already offers three fruit options as side dishes, and blank.Which statement completes the chart
Answers
Answer:
D. Juice boxes contain too much sugar to be considered a nutritious fruit choice
Explanation:
bc it’s the only option against juice boxes
Answer:
D
Explanation:
Because logic... try it sometime
PLS HELP ME :(
What causes the national debt to increase?
A. The federal government borrowing money from other countries
B. The value of goods imported into the country greatly increasing
C. The Federal Reserve setting a higher discount rate for banks
D. The national unemployment rate rising for consecutive quarters
Answers
Answer:
im pretty sure it would be A
Explanation:
hope that helps
What are the costs and benefits to employers of being responsive to the applicant's perspective throughout the selection process?
Answers
Answer:
Selection Process is the process of finding the best fit applicant for any position in an organization.
The benefits to employees for being responsive to the applicant's perspective throughout the selection process are:
a. It helps employers to understand the mindset of the applicant. Knowing the pulse(thinking process) of an applicant is very important.
b. It helps employers to select the right applicant.
c. It keeps them in good terms with the applicants. Even if an applicant does not get selected, he will not file a suit on the employer.
The cost to employees for being responsive to the applicant's perspective throughout the selection process are:
a. Being responsive to applicant will increases the chances of applicant misusing it. Which could be costly to employer.
b. Taking care of needs of the applicant's who come for interview is a cost to the company.
c. It takes lot of time and resources for the selection process per applicant which is a cost to the company.
fill in the blank. under a managed float exchange rate system, the fed may attempt to stimulate the u.s. economy by___the dollar. such an adjustment in the dollar's value should the u.s. demand for products produced by major foreign countries.
Answers
Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by adjusting the dollar's value. Such an adjustment in the dollar's value should increase the U.S. demand for products produced by major foreign countries.
A managed float exchange rate system is an exchange rate system in which the currency exchange rate is allowed to float but is monitored and adjusted as necessary by central banks. It is a flexible exchange rate system that is managed and supervised by a central bank or government.The U.S. economy can be stimulated by the Fed in a managed float exchange rate system by adjusting the dollar's value. The Fed may attempt to increase or decrease the value of the dollar in order to affect the balance of trade, domestic production, and other factors that influence the U.S. economy.Adjusting the value of the dollar could increase the demand for products produced by major foreign countries. When the dollar is worth more, it is more expensive for foreign countries to buy U.S. products, and it is less expensive for the U.S. to buy products from other countries. When the dollar is worth less, it is less expensive for foreign countries to buy U.S. products, and it is more expensive for the U.S. to buy products from other countries.Learn more about U.S. economy: https://brainly.com/question/1106682
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The efficient use of scarce resources leads to an increase in:.
Answers
Answer:
Productivity
Explanation:
Hope that helps!
A company needs to merge third-party data with its own data. The company can accomplish this with which of the following actions? Select all that apply.- Alter the company's metadata to more closely reflect the incoming metadata.- Use metadata to evaluate the third-party data's quality and credibility.- Replace the incoming data's metadata with its own company metadata.- Use metadata to standardize the data.
Answers
To merge third-party data with its own data, the company can accomplish this by using metadata to evaluate the third-party data's quality and credibility and using metadata to standardize the data. Therefore, the correct options are B and D.
Metadata is a set of data that gives information about other data. It describes and categorizes data using standardized labels that provide context and meaning to the data. Metadata includes data about how the data is formatted, what the data is about, and other characteristics.Merging third-party data with a company's data: Merging third-party data with its own data can help a company achieve a competitive edge. It assists in the identification of new prospects, the enhancement of sales, and the improvement of customer interactions. Metadata is used to merge third-party data with a company's data. Therefore, it is crucial to identify how to use metadata in merging third-party data with a company's data.Use metadata to evaluate the third-party data's quality and credibility: Metadata can help to evaluate the quality and credibility of third-party data. In general, metadata provides information about data quality by describing data's lineage and showing where it has been generated, how it has been processed, and how it has been preserved. Metadata can help the company to understand the quality of the third-party data before merging it with the company's data.Use metadata to standardize the data: The company must use metadata to standardize the data before merging third-party data with its own data. This is important because metadata includes a set of standards that ensure the interoperability of data. When standardization is applied to data, it becomes easier to combine and query multiple datasets. Therefore, it is essential to standardize the data using metadata before merging third-party data with a company's data.Therefore, the correct options are B and D.Learn more about Metadata: https://brainly.com/question/14960489
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What kind of lights can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark? _______ can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark.
Answers
Answer:
Accent light can be used to highlight merchandise whilst keeping other space dark.
Explanation:
Answer:
Spotlights
Explanation:
Management of Cullumber, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. Management then expects the company to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.70 last week. If the required rate of return is 16 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.20.)
Answers
To calculate the value of the stock, we need to find the present value of all the future dividends and the future stock price. Given that the dividends are expected to grow at different rates for the next three years and then grow at a constant rate forever, we can use the dividend discount model (DDM) to calculate the value.
First, let's calculate the future dividends:
Year 1 dividend = $1.70 × (1 + 35%) = $1.70 × 1.35 = $2.29
Year 2 dividend = $2.29 × (1 + 28%) = $2.29 × 1.28 = $2.93
Year 3 dividend = $2.93 × (1 + 22%) = $2.93 × 1.22 = $3.57
Now, let's calculate the future stock price at year 3, which will be the dividend at year 4 divided by the required rate of return minus the constant growth rate:
Year 4 dividend = $3.57 × (1 + 9%) = $3.57 × 1.09 = $3.89
Future stock price at year 3 = $3.89 / (0.16 - 0.09) = $3.89 / 0.07 = $55.57
Now, let's calculate the present value of the dividends and the future stock price:
Present value of Year 1 dividend = $2.29 / (1 + 0.16) = $2.29 / 1.16 = $1.97
Present value of Year 2 dividend = $2.93 / (1 + 0.16)^2 = $2.93 / 1.3456 = $2.18
Present value of Year 3 dividend = $3.57 / (1 + 0.16)^3 = $3.57 / 1.556 = $2.30
Present value of future stock price = $55.57 / (1 + 0.16)^3 = $55.57 / 1.556 = $35.72
Finally, let's sum up the present values to find the value of the stock:
Value of the stock = Present value of dividends + Present value of future stock price
Value of the stock = $1.97 + $2.18 + $2.30 + $35.72 = $42.17
Therefore, the value of this stock is approximately $42.17.
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The present value of the infinite dividend stream is approximately $51.29.
To calculate the value of the stock, we can use the dividend discount model (DDM). The value of a stock is the present value of all future dividends.
First, let's calculate the dividends for the next three years:
Year 1 dividend = $1.70 * (1 + 35%) = $2.30
Year 2 dividend = $2.30 * (1 + 28%) = $2.95
Year 3 dividend = $2.95 * (1 + 22%) = $3.59
Next, we need to calculate the present value of these dividends using the required rate of return of 16%:
PV = Div1 / (1 + r) + Div2 / (1 + r)^2 + Div3 / (1 + r)^3 + ... + Div∞ / (r - g)
PV = $2.30 / (1 + 16%) + $2.95 / (1 + 16%)^2 + $3.59 / (1 + 16%)^3 + ...
Since the company is expected to grow at a constant rate of 9% forever, we can use the Gordon growth model to calculate the present value of the infinite dividend stream:
PV∞ = Div∞ / (r - g)
PV∞ = $3.59 / (16% - 9%)
PV∞ = $3.59 / (0.16 - 0.09)
PV∞ = $3.59 / 0.07
PV∞ ≈ $51.29
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Read the sentence.
Because of the presence of many _[blank]_, California is a leader in entrepreneurship and innovation.
Which best completes the sentence?
A)court battles
B)wealthy investors
C)hardships
D)frontier people
Answers
D) frontier people
Answer:
the correct answer is wealthy investors
Explanation:
I got a 100% on the test and answer D was icorrect the first time I took it.
2. Describe the relationship of profession and education.
Answers
In order to have a profession you need to get an education first. You will learn many things that will help you in your profession, no matter what it is. Even an internship is an education. If you start out working along side someone, that someone is giving you an education in how to do the job you want to do.
If you are planning a profession such as a doctor or lawyer, prepare yourself for a LOT of education. You need at least a basic education in order to prepare you for ANY profession. Add, subtract, multiply, divide, read, write and other things so you won’t get cheated out of pay at the least.
Without an education of some kind, you will not be able to do anything. Even if you are a king or queen that you inherited by birth, you still need to know how to decide things. Everything else can be done for you. But there are very few openings for kings and queens these days.
Carter invested $3,900 in an account paying an interest rate of 3. 9% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 5 years?
Answers
$822.18 is how much earned interest so add $3,900 and you get $4,722.18
Answer: 4700
Explanation:
Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens
Answers
Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.
What Is a Market Economy?A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.
The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.
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what is a trail balance and make a diagram to show an example of it
Answers
Trial Balance displays information on each ledger balance in a tabular style.
Every organisation must assess its financial condition over a specific time period, thus it includes transactions made during the year as well as the opening and closing balances of ledgers. The trial balance aids in analyzing the position and transactions made during such a time period by listing all the accounts that have debit and credit balances in one location.
The trial balance arrangement typically comprises three columns. The ledger accounts are first described in columns or other particulars, followed by amounts (debit), or the ledgers with debit balances. The final are the ledgers containing credit balances, or amount (credit).
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The question seems incomplete. The complete question is:
What is a trial balance and explain its arrangement?
the company "Hives for Live" is both a ____ and a _______ organization at the same time
Answers
The company "Hives for Live" is both a partnership of Turco and a Reese organization at the same time. By definition, a partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.
Law firms, medical groups, real estate investment firms, and accountancy groups are typical instances of partnership company. The simplest form of joint ownership for two or more people is a partnership. Limited partnerships (LP) and limited time liability partnerships are the two most prevalent types of partnerships (LLP). The three various forms of partnership are as follows: Partnership in general. collaboration with a limit.
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What does Wigand eventually do regarding the supplement? a) he tears it up b) he says he will sign it. c) he asks his lawyer to revise it d) he asks his wife what to do e) he asks Bergman what to do.
Answers
The correct answer is option C. He asks his lawyer to revise it. To summarize, Wigand decides to consult with his lawyer and requests a revision of the supplement.
Consultation is the process of seeking expert advice or guidance from someone with specialized knowledge or experience in a particular field. It involves discussing a problem or issue with an expert in order to gain insights, guidance, and recommendations on how to proceed.
Consultation can take many forms, including in-person meetings, phone calls, video conferences, or written exchanges. It is commonly used in a variety of settings, including business, healthcare, education, law, and government.
Consultation can be beneficial in a number of ways. It can help individuals or organizations make more informed decisions, develop new ideas, identify solutions to complex problems, and improve overall performance. It can also help build relationships and networks, and increase knowledge and understanding of different perspectives and approaches.
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organizations are expected to maintain a culture that __________.
Answers
Organizations are expected to maintain a culture that safety.
All team members' behaviour is influenced and guided by the values, expectations, and practises that make up the organization's culture.
Consider it as the assortment of characteristics that define your business. While ethics encourage organisations to act in good faith rather than fear legal ramifications, the organisational culture of a corporation is visible human behaviour shaped by the values, habits, beliefs, and norms as employees go about their daily business.
Many different things influence how an organization's culture develops, including the founders' tastes and values, market demands, and the organization's founding principles' beliefs. Attraction-selection-attrition, new hire onboarding, leadership, and organisational reward systems all play a role in maintaining culture.
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You put $75 in the bank one year ago and forgot about it. the bank sends you a notice that you now have $81 in your account. what interest rate did you earn?
Answers
The interest rate is the amount a lender charges a borrower and is a percentage of the principal of the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
Since banks use the compound interest concept to pay back money after a particular period of time, we will use the compound interest formula to calculate the rate of interest.
A P(1 nt 100 where, A= Amount to be received after 't' years, P is the principal amount deposited,' R is the rate of interest,'n' is the no. of times compounded annually, and 't' is the times in a year.
Here,
P=$75 , A=$81, n=1(assuming compounded annually),t=1 year
and we have to find 'r'.
81 75(1 1*1 100
r= 8% (Answer).
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ayuda pleacer pleacer para hoyyyy
Answers
Answer:
Coati o Mapache mexicano
Tecolote
Lobo mexicano
Vaquita marina
Perrito de la pradera mexicano (Cynomys mexicanus)
Amazona o lobo de cabeza amarilla
Ajolote
Tortuga marina
Ocelote
Quetzal
PLANTAS:
Nochebuena
Cempasúchil
Zapatilla de Venus
Magnolia pacífica
Peyote
Peyotillo
Nopal Cardon
Dalia
Agave
Biznaga
Espero haberte ayudado :)
Ben recently purchased 100 shares of stock in Feger's Sports, Inc. Ben is a(n) ________ of Feger's Sports, Inc. Group of answer choices owner manager director partner employee
Answers
Ben, who recently purchased 100 shares of stock in Feger's Sports, Inc., can be classified as an owner of the company. As a shareholder, Ben holds a stake in the company and is entitled to certain rights and benefits associated with stock ownership.
By purchasing 100 shares of stock in Feger's Sports, Inc., Ben becomes a shareholder and a partial owner of the company. As an owner, Ben has a financial interest in the success and performance of the company. Shareholders are considered the owners of a corporation and have certain rights, such as the right to vote on corporate matters, receive dividends, and participate in the company's growth and profitability.
However, it is important to note that being a shareholder does not necessarily mean that Ben has a managerial or executive role in the company. Shareholders are distinct from managers, directors, partners, and employees. While shareholders have a financial stake in the company, managers are responsible for overseeing the day-to-day operations, directors provide guidance and make strategic decisions, partners have ownership rights and responsibilities, and employees work for the company under an employment relationship.
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The Bradshaw family has $200,000 of total assets and $140,000 of liabilities. What is their net worth?
Malleable
Measurable
Maintainable
Manageable
Answers
Answer: $60,000
Explanation:
The Net worth of a person or people can be calculated by deducting their liabilities from their total assets.
The net worth of the Bradshaw family is therefore;
= 200,000 - 140,000
= $60,000
The options given are not for this question. There is a similar question which asks what the M in the Goal-setting acronym S.M.A.R.T stands for.
The answer to that is Measurable.
TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate
Answers
Answer: Lower interest rate are better. Higher interest rate is worse
Explanation:
A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.
TRUE/FALSE, explain: Monopolistic competitors facing a very elastic demand charge lower markups
Answers
TRUE. Monopolistic competitors facing a very elastic demand charge lower markups.
The lower the markup, the higher the demand and, as a result, the higher the profit. When demand for a product is more elastic, price increases are more likely to result in lower revenue for the firm. When there are many substitutes available, the price elasticity of demand for a product is typically high. So, in order to stay competitive, monopolistic competitors must maintain a lower markup in order to keep their prices low enough to attract customers. Monopolistic competitors must therefore set a price that is competitive with substitute products but still enables them to make a profit, and this typically requires a lower markup than would be the case for firms facing less elastic demand.Answer in more than 100 words:Monopolistic competition refers to a market structure in which many companies sell similar but not identical products. In comparison to perfect competition, each business in a monopolistic competitive market has some pricing power. Each business has a slight market power that it may use to raise prices slightly. Monopolistic competition is characterized by the existence of several independent firms that sell a variety of products. Each company has a relatively small market share, and the goods are differentiated. Product differentiation is a characteristic of monopolistic competition. Firms create differences in their products through branding, advertising, and packaging. This differentiation is the source of their market power, as it makes their products unique and difficult to compare to competitors. Monopolistic competitors facing a very elastic demand charge lower markups. When demand for a product is more elastic, price increases are more likely to result in lower revenue for the firm.
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Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.
Answers
Answer: B- Organizations can become certified
Explanation: In the lesson it states:
"Here are certain facts about ISO 9000:
ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.
It includes definitions, requirements, and recommendations for continuous improvement.
ISO 9000 can also provide certifications to organizations.
Over 170 countries have used ISO 9000 certifications in their industries."
which form determines how much federal income tax is withheld from your paycheck?
Answers
Complete Form W-4 to help your employer withhold the correct federal income tax from your paycheck. Consider completing a new Form W-4 each year and each time your personal or financial circumstances change.
When you get a new job, your employer will ask you to complete Form W-4, the employee's tax withholding certificate. How you fill out this form determines how much tax your employer will deduct from your paycheck. Your employer will send the money deducted from your paycheck to the Internal Revenue Service (IRS) along with your name and social security number for reference.
Withholding tax is deducted against your annual income tax bill, which you calculate when you file your tax return in April. The employee completes the W-4 form to notify the employer of the amount of tax to be withheld from payroll based on filing status, dependents, expected tax credits, and deductions.
Any errors in completing the form may result in tax charges when you file your tax return. The IRS has simplified his form for 2020.
An employee can change her tax withholding at any time by submitting her new W-4 to her employer. Each new employer requires a new her W-4 to be completed.
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Devon is very good with people. she works for a pharmaceutical company and often visits doctors to see if they will sell her product to their patients. in which career pathway is devon most likely involved? marketing communications professional sales and marketing distribution and logistics e-marketing
Answers
Marketing Communications is the utilization of many marketing channels and techniques in tandem.
What are the four kinds of marketing communication?Advertising, public relations, sales promotions, and online media are the four methods of marketing communication.
Advertising, being the most potent commercial communication tool, provides a broad audience reach and a high frequency of information transmission.
Public relations is the second sort of marketing communication. In a more subtle way, public relations will aid in the creation of brand awareness among customers. This is what distinguishes public relations from advertising.
Discounts on sales promotions are the most popular sort of sales promotion. When you realize this, you may begin to consider how you may make the most of the circumstance.
Media on the Internet Many businesses use online media as a marketing communication tool. This might be accomplished by purchasing appealing advertisements and placing them in promising places such as online newspapers and magazines.
Thus Option A is the career pathway Devon is involved in.
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Answer:
Marketing Communication
Explanation:
Edge 2022
joy is in a meeing where it seems like everyone has already decided on what to do about a problem the company is facing. because everyone agrees she decides that she must be wrong and
Answers
The statement above refers to (C) normative conformity. It is because Joy feels that everyone in the group will reject his arguments.
Normative social influence generally can be described as a type of social influence that leads to conformity. Normative conformity generally can be described as a condition that occurs when we behave in ways that help us to be accepted and we express opinions or that keep us from being isolated or rejected by others. There are several types of conformity, such as compliance, identification, and internalization.
The question above is incomplete, here the complete question:
joy is in a meeting where it seems like everyone has already decided on what to do about a problem the company is facing. because everyone agrees she decides that she must be wrong and goes along with the group. According to the asch of conformity effect this is refereed to:
Realistic conflict theoryInformational conformityNormative conformityRepresentative conformityHere you can learn more about The asch conformity effect https://brainly.com/question/7022063
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Arnoury, a car service station, takes feedback from clients after servicing their cars, which gives the clients a sense of importance. Arnoury's management also ensures rectification and improvement of its services based on clients' feedback. Which of the following marketing strategies does this scenario best illustrate?
Customer relationship management
Answers
The scenario best illustrates A) customer relationship management (CRM) marketing strategy.
By taking feedback from clients and ensuring rectification and improvement of its services based on their feedback, Arnoury is engaging in CRM. This strategy aims to build strong and long-lasting relationships with customers by providing them with a personalized experience that meets their needs and expectations. By making clients feel important and valued, Arnoury is likely to gain customer loyalty and repeat business, which is a key goal of CRM.
Overall, CRM helps businesses to understand and anticipate the needs of their customers, leading to improved customer satisfaction and retention.
Option A is answer.
"
Complete question
Arnoury, a car service station, takes feedback from clients after servicing their cars, which gives the clients a sense of importance. Arnoury's management also ensures rectification and improvement of its services based on clients' feedback. Which of the following marketing strategies does this scenario best illustrate?
Customer relationship management
Customer service management
"
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The APR of not taking advantage of the 1/10, net 45 terms
offered by a supplier is 4.55%. 10.39%. 7.27%. 18.18% Please show
work
Answers
The APR of not taking advantage of the 1/10, net 45 terms offered by the supplier is approximately 7.27%.
To calculate the Annual Percentage Rate (APR) of not taking advantage of the 1/10, net 45 terms offered by a supplier, we need to use the formula:
APR = (1 + Discount Rate / (1 - Discount Rate))^(365 / (Net Period - Discount Period)) - 1
Given:
Discount Rate = 1/10 = 0.1
Net Period = 45 days
Discount Period = 10 days
Plugging in the values into the formula, we have:
APR = (1 + 0.1 / (1 - 0.1))^(365 / (45 - 10)) - 1
Simplifying the equation:
APR = (1 + 0.1 / 0.9)^(365 / 35) - 1
APR = (1 + 0.11111111)^10.42857143 - 1
APR = 1.11111111^10.42857143 - 1
Using a calculator or spreadsheet, we can calculate the value:
APR ≈ 1.0727
Therefore, the APR of not taking advantage of the 1/10, net 45 terms offered by the supplier is approximately 7.27%.
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