To solve this problem, we use the formula:
F = A [(1 + i)^n – 1] / i
where,
F is the future value or the amount he will have
A is the amount he invest each year = 1200
n is number of years = 70 – 21= 49
i is the interest or return rate = 7% = 0.07
Hence the value of F is:
F = 1200 * [1.07^49 – 1] / 0.07
<span>F = $454,798.80 </span>
Answer:
Right option is A
Social Gatherings, Family Outing, Evaluating
Explanation:
An integral part of the success of a marketing strategy is sales force management. Sales force management consists of the following actions: -
1)Recruiting is the center of effective sales. One approach to choosing is to ask the customer what characteristics he is looking for in a sales representative. Companies are developing a selection process where behavioral and managerial skills are tested.
2)Training is important to stay ahead of the competition. The sales department must undergo training before entering the market, as well as training at different stages of the product life cycle.
3)Sales supervision is determined by the product portfolio profile. General control is conducted in relation to sellers dealing with potential customers. Another observation is related to effective time management from preparing a client’s call to closing a deal.
4)Motivation is a key aspect of sales force management. Here, compensation plays an important role in increasing motivation. Compensation may be awarded based on a sales quota. Other motivational tools are social gatherings and family walks or outings.
5)Evaluation is essential for managing your sales team. Sales reports submitted by the sales department provide a good starting point for evaluations.
Answer:
True
Explanation:
Value is the perception of the benefits or utility associated to consuming a good or a service in relation to the price of that good or service. This basically refers to consumer surplus, how much are consumers willing to pay for a good or service vs the actual cost of the good or service. If you increase the perceived benefits, then our consumers will value our goods or services more and this would increase their consumer surplus.
Consumers are the ones that ultimately will decide the value of our goods or services, and if they assign us a higher perceived value, they will be willing to pay a higher price for them.
Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".
<h3>What is economic recession?</h3>
The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."
Some characteristics of economic recession are-
- Recessions are marked drops in economic activity that can endure for several months or even years.
- When a country's economy faces negative gross domestic product (GDP), growing unemployment, declining retail sales, and contraction income and manufacturing metrics over an extended period of time, experts declare a recession.
- Recessions are regarded as an inevitable component of the economic cycle, or the predictable rhythm of expansion and recession in a country's economy.
- The organisation bases its decision on a variety of variables, such as GDP, real income, employment, industrial production, and consumer spending.
To know more about economic recession, here
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