Usually an increase in price means a decrease in supply and or a raise in demand. He quickly changes this by increasing the production, thus increasing the supply, lowering the prices.
Hope this helps,
Jeron
It reflects positively on the college and it shows that you have respect for others are willing to help as well.
Answer:
<u>Relationship selling</u>
Explanation:
Relationship selling is focussed more upon successfully building a long term relationship between a seller and a buyer rather than being merely focussed upon effecting a sales through .
The technique emphasizes upon the quality of interaction between the seller and the buyer which shall serve as a basis for develoment of a future relationship between the company and the customer.
This technique is prominent in case of those companies that rely on repetitive purchases on part of the buyer like private instructors. Good relationships may lead to customer loyalty which prompt repetitive purchases at their end.
In the given case, the supplier company's sales person rearranged production schedule so as to accomodate unexpected demand from a major client. Such an action demonstrates company's sales policy with emphasis upon relationship selling.
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.
2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest
So, the answer will be the A $624.
3. What is the total amount that Sherri (in question number 2) will repay?
The correct answer will be the $3,824.
Answer:
18 minutes.
Explanation:
The standard deviation for the call time is 50 minutes while the average call duration is 25 minutes. The caller has to wait for sometime before the agent answers it because they have 4 agents who take up the calls from the clients. A call arrives every 20 minutes with a standard deviation of 20 minutes. In the given scenario the waiting time can be calculated using the formula below:
t = ( Ф * standard deviation + average call duration * standard deviation )
Solving the equation we get 18 minutes.
