Answer:
The firm reduced its price to maintain its market share.
Explanation:
An online streaming service is providing its basic package at the price of $14.99.
A competitor of the firm offers the same service at $13.99.
The firm in the reaction will also reduce its price to $13.99.
We know that the consumers always prefer the cheaper substitute, so if the competitor was providing the service at a lower price, it was most likely that the consumers will purchase from the competitor.
This would have led to a decline in the demand and thus the market share of the firm. So in order to maintain its market share. The firm reduced its price at the same level as its competitor.
Answer:
The monthly payment n the motorcycle will be for 158.75 dollars
Explanation:
We need to solve for the PMT of an ordinary annuity:
PV 8,400 (loan)
time 60 months
rate 0.004216667 (5.06% annual divide into 12 months)
C $ 158.749
Answer and Explanation:
a. The given statement is true as the corner point at the objective function should be feasible solution which is no longer as compared with the value for every adjacent CPF solution as compared with its optimal
b. The given statement is false as the solution can be an edge
c. The given statement is true as it shows the direct relation between the two things
Answer: a passive; active
Explanation:
When a person or institution is said to have a passive asset allocation strategy it means that they either trade the same assets over and over or apply the same weighting to the asset class every time. Stephen only trades medical-related stocks so is using passive allocation.
An active security selection strategy means that the person or institution constantly changes and trades the stocks in their portfolio much like Stephen does when he constantly trades stock. Stephen is therefore using an active security selection strategy.
