Upselling is enhancing a product by recommending additional products or services. True False

Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest

OverLord2011 [107]

Answer:

The money you will have is $98020.

Explanation:

It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.

we will use the compound interest formula $A=P (1 + \frac{r}{100})^{t}$ .

For the first birthday the amount after 21 yr will be:

$A=2000(1+\frac{7}{100})^{21}$

Similarly for the second birthday amount after 20yr will be:

$A=2000(1+\frac{7}{100})^{20}$

likewise, the last compound will be:

$A=2000(1+\frac{7}{100})^1$

The total value of such compounding would be :

$\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}$

$\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}]$

$\text{Total amount} \approx 2000(48.01)$

$\text{Total amount} \approx 96020$

The total amount just after your grandparents make their deposit is:

≈($96020+2000)

≈$98020

Hence, the money you will have is $98020.

4 0

3 years ago

In the text, Curves is an example of which path? a. Looking across alternative industries b. Looking across strategic groups wit

Elena L [17]

Answer:

The correct option is D) Looking across complementary offerings

Explanation:

There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>

Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.

One of them is called looking across complementary offerings.

Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.

The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.

Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.

Cheers

7 0

3 years ago

What does the phrase "hearing the voice of the consumer" mean?

otez555 [7]

A. Companies have the information they need to effectively satisfy wants and needs in the marketplace.

Basically, "hearing the voice of the consumer" means taking the information that they have about what people want and actually putting the preferences of the consumer first.

4 0

3 years ago

Ryan is a 25% partner in the rocc partnership. at the beginning of the tax year, ryan's basis in the partnership interest was $9

maw [93]

Your answer is going to be, $115,000

6 0

3 years ago

Acme Manufacturing is producing $4,000,000 worth of goods this year and expects to sell its entire production. It also is planni

Gemiola [76]

Answer:

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Explanation:

Actual Investment, Planned investment

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Acme’s planned investment in every case is $1,500,000.

Therefore the key to this problem is to find the amount of unplanned inventory investment Acme makes then add this to their planned investment to find Acme’s actual investment

a. If Acme sells $3,850,000 worth of goods, it has unplanned inventory investment of $150,000 and total actual investment of $1,650,000.

$4,000,000-$3,850,000=$150,000

$1,500,000+$150,000=$1,650,000

b. If Acme sells $4,000,000 worth of goods as it planned, its actual investment of $1,500,000 isequal to its planned investment

$4,000,000-$4,000,000= $0

$0+$1,500,000=$1,500,000

c. If Acme sells $4,200,000 worth of goods, it must draw down $200,000 worth of goods from itsexisting inventory, implying that inventory investment is –$200,000.

$4,000,000-$4,200,000= -$200,000

Acme’s actual investment in this case is $1,500,000 – $200,000 = $1,300,000.

Output equals short-run equilibrium output in CASE B , so planned spending and actual spendingare equal.

8 0

3 years ago