Answer:
Personal selling.
Explanation:
Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.
Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.
Answer: $61,697.90
Explanation:
GIVEN the following ;
Membership bond = $20,000
Monthly membership due= $250
Annual percentage rate(APR) = 6% = 0.06
monthly rate (r) = 0.06 ÷ 12 = 0.005
Payment per period(P) = $250
Using the formula for present value of ordinary annuity:
PRESENT VALUE (PV) =
P[(1 - ((1 + r)^(-n)) ÷ r]
$250 [ 1 - ((1 + 0.005)^-360))÷0.005]
$250 [( 1 - (1.005)^-360)÷ 0.005]
$250 × [0.83395807196 ÷ 0.005]
$250 × 166.791614392335
PV = $41,697.90
Membership bond + present value
$20,000 + $41,697.90
= $61,697.90
The answer is savings account A.
Since savings account A compounds the interest quarterly it adds interest to the account every quarter. This makes it a more profitable account than one that compounds the interest semiannually. The reason is that the bank is adding interest more frequently, so you are earning interest on the interest that the bank has already paid you.
Answer:
The correct answer is letter "C": Income rises, money demand rises, and a higher interest rate is required
.
Explanation:
The Liquidity Preference-Money Supply (<em>LM</em>) shows the relationship between real output and interest rates. According to this approach, the slope of the LM is positive when an increase in interest rates pushes the increase in income. The money supply and demand must be equal for that purpose which implies the demand for money will have to increase as well. Thus, for the LM curve to be positive the interest rates, income, and demand for money must be higher.
