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Sergio [31]
3 years ago
11

As it advances on the ________, Boston Market has added pickup, delivery, and full-service catering to its original restaurant f

ormat, and it also provides Boston Market meal solutions through supermarket delis and Boston Market frozen meals in the frozen food sections of groceries.
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer:

Retail positioning matrix

Explanation:

Value added is also known as the retail positioning matrix, which includes the element of location, product reliability, or prestige under the dimensions of the breadth of the product line and value-added. As in the given case, the Boston market has added pickup, delivery, and full-service catering to its original restaurant format, therefore, they had value-added services and they have a broad product line of frozen meals in the frozen food sections of groceries. , which should be measured on four positions in the retail positioning matrix, such as:

  • high value, broad product line ;
  • low value, broad product line
  • high value, narrow line .
  • low value, narrow product line.

However, due to lack of information competitor and market share, we can not position the phase of company.

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Explanation:

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3 years ago
ou want to buy a new sports coupe for $81,500, and the finance office at the dealership has quoted you an APR of 6.3 percent for
Natasha_Volkova [10]

Answer:

a. The monthly payment will be <u>$1,664.91</u>.

b. The effective annual rate on this loan is 6.49%.

Explanation:

a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

This is calculated by using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or price of  new sports coupe = $81,500

P = Monthly payment = ?

r = Monthly interest rate = Annual percentage rate (APR) = 6.3% / 12 = 0.063 / 12 = 0.00525

n = number of months = 60

Substitute the values into equation (1) and solve for P as follows:

85,500 = P * ((1 - (1 / (1 + 0.00525))^60) / 0.00525)

85,500 = P * 51.3541976210894

P = 85,500 / 51.3541976210894

P = $1,664.91

Therefore, the monthly payment will be <u>$1,664.91</u>.

b. What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate (EAR) refers to the interest rate that is received by an investor in a year after adjusting for compounding.

Since the APR in the question is paid monthly, it implies that it is compounded monthly and the EAR can be computed using the following formula:

EAR = ((1 + (APR / n))^n) - 1 .............................(1)

Where;

APR = 6.3% = 0.063

n = Number of compounding periods or months in a year = 12 months

Substituting the values into equation (1), we have:

EAR = ((1 + (0.063 / 12))^12) - 1

EAR = 1.06485133891298 - 1

EAR = 0.06485133891298

EAR = 6.485133891298%

EAR = 6.49% rounded to 2 decimal places

Therefore, the effective annual rate on this loan is 6.49%.

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