Answer:
The market structure that Keith's company uses is monopolistic competition.
Explanation:
In monopolistic competition, there are many firms in the market, the price is mostly determined by market forces, and as a result, the companies try to sell products that are different in some way.
In this case, Keith's company competitors are trying to use a pricing strategy to increase their market share. They are trying to compensate loss of revenue from the lower prices, with a higher sales volume.
Answer: Option B and C
Explanation: In simple words, oligopoly refers to the market structure in which there are few firms operating at a huge level and selling products that are close but not absolute substitutes of each other.
The high level of investment and too much of legal formalities makes it difficult to entry in such industries. Firms in such industries produce identical goods thus they do not compete in the amaretto with respect to price.
the firms operate their market on the basis of non price factors such as advertisements but still are mutually interdependent on each other as a minor decrease in price of other can deregulate the demand in the whole industry. Automobile sector is one the primary examples of oligopoly.
Answer:
6.14%
Explanation:
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.
Most loan officers need a bachelor’s degree and receive on-the-job training. Mortgage loan officers must be licensed. Loan officers typically need a bachelor’s degree, usually in a field such as business or finance. Because commercial loan officers analyze the finances of businesses applying for credit, they need to understand general business accounting, including how to read financial statements.
Some loan officers may be able to enter the occupation without a bachelor’s degree if they have related work experience, such as experience in sales, customer service, or banking.
