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ser-zykov [4K]
3 years ago
13

Assume the average vehicle selling price in the United States last year was $35,996. The average price 4 years earlier was $29,2

08. What was the annual increase in the selling price over this time period?
Business
2 answers:
anygoal [31]3 years ago
5 0

Answer:

5.36 percent

Explanation:

A=P(1+r/100)^n

where

A=future value

P=present value

r=rate of interest

n=time period.

Hence

35996=29208(1+r/100)^4

(35996/29208)^(1/4)=(1+r/100)

(1+r/100)=1.0536(Approx)

Hence r=(1.0536-1)*100=5.36%

yKpoI14uk [10]3 years ago
4 0

Answer: 5.36%

Explanation:

The problem above could be solved by applying the formula which relates Present value, future value, rate and time of an annuity.

From the question ;

Last Year Average selling price = Future Value(FV) = $35,996

Price 4 years earlier = Present Value (PV) at the time = $29,208

Period(t) = 4 years

Rate(r) = r

FV = PV × (1 + r)^4

35996 = 29208 × (1 + r/100)^4

$29208 × (1+r/100)^4 = $35996

(1+r)^4 = $35996/$29208

(1+r)^4 = 1.23240208

(1 + r) = (1.23240208) ^0.25

1 + r = 1.053629946

r = 1.053629946 - 1

r = 0.053629946

r = 0.0536

r = 5.36%

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For air traffic controllers, task demands are probably the most common organizational stressor that they experience.

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Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
hram777 [196]

15.9% is its stock out probability if Store A’s order quantity is 800 units

Solution:

z-score = \frac{(Order quantity-Mean)}{Standard deviation}

             = (800-500)/300 = 1

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In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of
mezya [45]

This is an example of (C) reducing the risk for consumers.

<h3>Reducing the risk for consumers:</h3>
  • Consumer risk is the danger of difficulties with a product that does not exceed quality standards and consequently enters the market undetected.
  • This can result in financial and other losses, such as a loss of reputation, a loss of market share, or even the loss of life.
  • Brand loyalty and significant brand image are the most effective in minimizing consumer perception of risk for all four categories of loss.
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The complete question is given below:
In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of

(A) following a federal regulation.

(B) lowering prices for customers.

(C) reducing the risk for consumers.

(D) creating a new or better product

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The essence of a broad differentiation strategy is to a. appeal to the high-end part of the market and concentrate on providing
iragen [17]

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<h3>What is  differentiation strategy?</h3>

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It should be noted that differentiation strategy increase comparative advantages.

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