Answer:
Present Value= $15,874.25
Explanation:
Giving the following information:
Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?
<u>This is a rare case where the interest rate is negative:</u>
Interest rate= 0.03 - 0.06= -0.03
Having said this, the present value is higher than the final value:
PV= FV/ (1+i)^n
PV= 14,488/ 0.97^3= $15,874.25
Businesses often engage in a variety of tactics to influence government policy. This includes lobbying, political contributions, and interest group politics.
Answer:
30,000 units
Explanation:
Budgeted sales is 30,000 units
Beginning inventory = 5000 units
Ending inventory = 5000 units
In order to meet the sales of 30,000 units, the sum of budgeted production and beginning inventory must be at least 30,000 units. However, since the company desires to have 5000 units in ending inventory, this sum must be raised to 35,000 units, which means the production needs to 30,000 units
--> Budgeted production = 30,000 + 5000 - 5000
= 30,000 units
Answer:
3. Most top managers at family firms tend to stay in their positions much longer than those at nonfamily firms.
Explanation:
A key success factors in family firms is understanding the culture. This is usually the foundation of the business.
So when family members occupy a position, they tend to stay on much longer because they have intimate knowledge of the business and the goals and objectives are personal to them.
Also loyalty tends to play a part, family members have close relationships which are long-term.
<h2>TJ Maxx wanted to minimize <u>brand cannibalization</u></h2>
Explanation:
A) microtargeting
: Micro targeting is basically a marketing strategy to identify the need of the people using "data-mining" technique. Normally used by politicians to get people interest during the time of election.
B) brand cannibalization
: It is the reduction of one product due to the release of another new product. TJ Maxx is interested more on people visiting more to shops than online.
C) retail mixing
: It constitutes of 6 “P's”. They are presentation, personnel, product, place, promotion, price.
D) retail channel omnification: Activities pertaining to the direct marketing are termed as retail channel omnification.
