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3 years ago

Ch.11 what are the four characteristics used to classify retailers?

2 answers:

Studentka2010 [4]3 years ago

7 0

There are four characteristics used to classify each retailer. These are used to satisfy each and every customer's needs. The first one is the type of merchandise they sell. Second is the level and type of customer service given. This is the type of merchandise sold at the retail store. The last characteristic is the price of the merchandise being sold at the retailer.

denpristay [2]3 years ago

3 0

Four characteristics used to classify retailers:

1. measure of good or services the retailer is going to offer
2. the broadness and profundity of their product offerings
3. relative costs they charge
4. how they are composed

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3 years ago

The shape of your utility function implies that you are arisk-averse individual, and, therefore, youwould accept the wager becau

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4 years ago

You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5

s344n2d4d5 [400]

Answer:

37 years

Explanation:

We know,

Future value = Present value (1 + r)^n

Given,

Future value, FV = $230,000;

Present value, PV = $32,000;

Interest rate, r = 5.5% = 0.055;

We have to determine how many years later I can purchase the Ferrari.

Now, putting the values into the formula, we get,

FV = PV × (1 + r)^n

or, $230,000 = $32,000 × (1 + 0.055)^n

or, $230,000 ÷ $32,000 = (1 + 0.055)^n

or, 7.1875 = (1 + 0.055)^n

or, log 7.1875 = n × log 1.055

or, n × log 1.055 = log 7.1875 [Changing the side]

or, n = log 7.1875 ÷ log 1.055

Using financial calculator/Scientific Calculator,

or, n = 0.8566 ÷ 0.0233

Therefore, n = 36.76 or almost 37 years.

4 0

3 years ago

Ch.11 what are the four characteristics used to classify​ retailers?

Ch.11 what are the four characteristics used to classify retailers?