1. identify decision
2. gather information
3. identify alternatives
4. weigh the evidence
5. choose among alternatives
6. take action
7. review your decision
Answer:
False because Clan is most likely following more for less strategy.
Explanation:
Value proposition is a situation where the customer is answered for his question as to why he should prefer the sellers brand. It is an overall positioning strategy followed by the sellers. Such a strategy has five different propositions which are as follows out of which the last fifth one is the one followed by Clan in which the seller offers more benefits to the existing buyers of a different brand at a lower cost.
- More for More : More benefits at a more higher prices as those offered by the competitors.
- More for the same: More benefits at the same price offered by the competitors.
- The same for less: Under this same benefits at a lesser price is offered as compared to those by the competitors.
- Less for much less: Lesser benefits at lesser price.
- More for less: Followed by companies for achieving impressive positions in the market by offering more benefits at lower costs.
Answer:
$200 million
$30 million
Explanation:
When the requiredreserce ratio is 15 percent or 0.15 , then the money multiplier is (1 / required reserve ratio) or (1/0.15 = 0.67)
Now, change in money supply = money multiplier * open market purchase of government bonds.
Here , the Federal Reserve a $30 million open market purchase Of govemment bonds.
As a result of this;
Money Supply increases by (6.7 * $30 million) = $200 million.
This is the maximum amount the money supply could Increase.
Now, if the bank holds. $30 million as excess reserves, then money supply could increase by as much as $30 million. This is the smallest amount themoney supply could increase.
So, If the required reserve ratio is 15 percent the largest possible increase in the money supply that could result is $200 million- and the smallest possible increase is $30 million.
Answer:
Annual deposit= $8,896.79
Explanation:
Giving the following information:
You believe you will spend $47,000 a year for 13 years once you retire in 26 years.
The interest rate is 7% per year.
<u>First, we need to calculate the total amount required:</u>
FV= 47,000*13= $611,000
<u>Now, using the following formula, we can determine the annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (611,000*0.07) / [(1.07^26) - 1]
A= $8,896.79