Answer:
Specialty goods are the products which require high efforts in purchasing because their cost is certainly high, consumers cant take a risk of buying them frequently, like sporting cars, high end cameras, luxury high end clothing etc. There are many industries in specialty goods in which you can see intense level of rivalry. For example, in sporting cars, you have multiple brands which have very severe kind of rivalry like Jaguar and BMW - Lexus and Lotus, they not compete in cars but they compete in their advertisements, evenest as well.
Whereas, when you consider, photographic camera industry, you will also find intense kind of rivalry between Canon and Sony, Leica and Olympus. Here they not only face direct competition from other camera brands, but they also have to face competition from the cell phone industry, which also provide high end cameras in their cell phones like iPhone, Samsung and Oppo etc.
A formula helps you understand the problem better!!!
Answer:
C. 2 percent.
Explanation:
The computation of the annual real rate of interest is presented below:
Provided that
Nominal annual interest rate = 8%
Inflation rate = 5%
So, the annual real rate of interest is
Real rate of return = {( 1 + nominal annual rate of return) ÷ ( 1 + inflation rate)} - 1
= {( 1 + 0.08) ÷ ( 1 + 0.05)} - 1
= 2%
<span>Weather specialists or weathermen are reporters about weather
warnings, with no formal meteorological training. Even though they have no formal trainings, they are
important especially on major incidents because they are the ones who give
forecasts or weather warnings. In so doing, they can protect people’s life and
property. </span>
Patronizing a store means helping it buy going there often, and basically buying things often and consequently giving it money..
Patronizing a little brother means behaving condescendingly towards, a kind of master-slave relationship... One should never do that...