Answer:
Both the metric system and the US monetary system are based on the system of tens.
Explanation:
The metric system is based on the meter, which is divided into 100 centimeters, while the US monetary system is based on the dollar that is divided into 100 cents.
Generally speaking all Americans and most US organizations use the Imperial System (along with Liberia and Myanmar), while the rest of the world uses the metric system. But some American organizations use the metric system also, like the military and many financial institutions, specially those that export or trade with commodities.
What s really intriguing about this, is that the metric system is the official measuring system of the US since 1866, but it hasn't been massively applied yet.
Based on the interest rate, the cost of the bike, and the period of payment, Samatha will pay $721.71.
<h3>What will Samatha pay?</h3>
Samatha will pay a certain amount monthly. That amount can be found as:
Loan amount = Amount x ( 1 - ( 1 + rate) ^-number of periods) / rate
Solving gives:
700 = Amount x ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%/12 months)
Amount = 700 / ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%12 months)
= $30.07
Total amount paid by Samatha:
= 30.07 x 24 months
= $721.71
Find out more on loan payments at brainly.com/question/26011426.
Answer:
The consumers' sensitivity to a price change.
Explanation:
The price elasticity of demand is a measure of the change in the quantity demanded by customers for a product, relative to change in price. It is computed using the following formula:
Price Elasticity of Demand = %change in quantity demanded/%change in price
If the quantity demanded for a good rises or falls proportionally more than the change in price, the good is classified as elastic. For example, if the price of salt rises by 15%, and the quantity demanded falls by 20%, then salt is an elastic good.
If the quantity demanded for a good rises or falls proportionally less than the change in price, the good is classified as inelastic. For example, if the price of gasoline rises by 30%, but the quantity demanded only falls by 10% (as it's often the case in reality), then gasoline is an inelastic good.
Answer:
Micromarketing
Explanation:
Micromarketing consists of the maneuver of marketing levers aimed at modifying, increasing and influencing the buying behavior of the consumer in the store. The aim is to increase customer acquisition, retention, extention levels by providing a reward (benefit) or by simply direct marketing for information purposes only. In general, it is for very specific segment or target in order to develop or execute the strategies to do in the market.
By acquisition we mean the ability of the retail seller to acquire a new share of customers.
By retention is meant the ability to maintain this share of customers permanently over time.
By extention instead we indicate the increase in the quantities / volumes purchased at the retailer by the same consumers.
Micromarketing is therefore a sort of "micronization" of the marketing levers traditionally used. Consumer loyalty (store loyalty) is one of the main objectives, but there are also others that can be pursued equally, such as increasing the frequency of purchase of certain products, changing the composition of the receipt by stimulating category switching (exchange category) etc. It is also possible to support integrated marketing initiatives with the industry (think of a reward that stimulates the purchase of one product rather than another, of a specific brand rather than another, etc.).
Answer:
b. each person evaluates the situation according to his/her individual self-interest.
Explanation:
This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.
Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.
Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.
