Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.
When one group controls an industry or market by being the only provider, this is called MONOPOLY.
Mono - Greek monos means one or single
Poly - Greek polein means to sell.
Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
Answer: Prospecting stage
Explanation:
The prospecting stage is one of the first step in the personal selling process which basically used for identifying the efficient consumers and also developed the customer database in the system for the purpose of communication.
The prospecting stage is basically refers to the database, social contacts, various types of trading show that are used for locating the potential consumers according to the requirement.
Therefore, Prospecting stage is the correct answer.
Answer:
You should pay a stock price of $33.33
Explanation:
We can use the formula below to calculate the price per share that you would be willing to pay;
RRR=(EDP/SP)+EDGR
where;
RRR-required rate of return
EDP-expected dividend payments
SP-share price
EDGR-expected dividend growth rate
This can also be written as;
Required rate of return=(Expected dividend payments/share price)+expected dividend growth rate
In our case;
RRR=12%=12/100=0.12
EDP=$2
SP=unknown
EDGR=6%=6/100=0.06
replacing;
0.12=(2/SP)+(0.06)
0.12-0.06=(2/SP)
0.06=(2/SP)
0.06 SP=2
SP=2/0.06
SP=33.33
You should pay a stock price of $33.33
