Answer: Less - Developed Country
Explanation:
Less - Developed Countries (LDCs) are countries that are usually classified as 3rd world countries. They are characterised by low annual income.per capita and living standards as well as high poverty rates.
Their main industry is usually Agriculture and there are low literacy rates plaguing the country.
The Country described above is a less developed country. It has an annual income per capita of $2,300 which is quite small when compared with that of a Developed country like Liechtenstein with $165,000 annual income per capita.
Most of it's population engage in Agriculture as shown by the 54% ascribed to Agriculture and it has a literacy rate of 48% which is quite low.
All these as well as the 37.7% statistic showing how many people are in poverty confirms that this a Less Developed Country.
Competitiveness A company's ability to maintain and gain market share in its industry.
<h3>What is
Competitiveness ?</h3>
Competitiveness is defined as an organization's capacity to execute its objective more successfully than competitor organizations' goods. The law of supply and demand tends to balance markets.
In the instance of business competitiveness, we can describe it as an organization's capacity to provide goods or services with a favorable quality-price ratio that ensures strong profitability while gaining client preference over competitors. Competitiveness ensures the company's long-term viability.
Competitiveness, as a motivator that motivates people to work hard, promotes personal development. Because such people do not want to be left behind in competition, they have an inner drive to study more, work more, and always improve on what they know or have.
To know more about Competitiveness follow the link:
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Answer:
$15,061.26
Explanation:
The computation of the present value for these costs are shown below:
Year Expected cash flow Discount factor at 7% Present value
1 $3,800 0.9345794393 $3,551.40
2 $4,300 0.8734387283 $3,755.79
3 $5,200 0.8162978769 $4,244.75
4 $4,600 0.762895212 $3,509.32
Total $15,061.26
Refer to the discount factor table
Answer:
See explanation section
Explanation:
We have to use the function with a fixed cost and a variable cost. Here, the fixed cost is $100, as the bus driver will receive the money daily for driving. $0.20 per kilometer is the variable expense, as increasing the mileage will help to earn more. To draw this in a function, we can get -
Amount of daily pay, P = Fixed cost (f) + Variable cost (v)
p = $200 + 0.20 × k
Answer:
r = 10.5%
Explanation:
Using Dividend growth model, we have the following equation:
P = D(1) / r - g
P: Stock price ($40)
D(1): Year end dividend ($3)
g: Dividend growth rate (3%)
r: required rate of return (Missing value)
By inputting numbers into the equation, we have:
40 = 3 / r - 0.03
--> r = 10.5%