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3 years ago

How is marketing a service different than for a product?

1 answer:

4 0

The marketing of services differs from product marketing because of the four fundamental differences involved in services: services are intangible, inseparable, heterogeneous, and perishable

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You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w

Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84 / (1 + 7%)

First payment = $11,998.84 / (1 + 0.07)

First payment = $11,998.84 / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0

3 years ago

Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco

timurjin [86]

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

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3 0

2 years ago

Read 2 more answers

How much water should be added to 4 gallons of pure alcohol to make it 80 percent water

Hitman42 [59]

We need a percentage of

80 % water

So alcohol in mixture is:
20/100

And water is:
80/100

20% (Alcohol) = 4 Gallons

So 80% (Water) = 4x4 = 16 Gallons WATER

6 0

3 years ago

A Fraternal Benefit Society has each of the following characteristics EXCEPT

Doss [256]

Answer:

Answer is option C, i.e. Exists for profit.

Explanation:

A fraternity benefit society or benefit society are incorporated body that exist to provide benefits and insurance during any sundry difficulties to its various registered member. These societies do not have any beforehand capital stock with them. And also these societies do not operate for profit motive as their ultimate help is to provide financial support to its members in times of need.

3 0

3 years ago

In what way were Karl Marx views different from the socialism Advocates by Owens and Ferrer

BARSIC [14]

What's the option's

4 0

3 years ago