The average compound return earned per year over a multi-year period is known as the geometric average return.
<h3>What is an Average Return?</h3>
An average return is a mathematical average value of a number of returns generated over a specific period of time. An average return helps in measuring the past performance or portfolio of an individual or government.
When an average compound return is earned per year over a multi-year period, then it is known as the geometric return of that individual or government.
Learn more about an Average Return here:
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When consumers and businesses have greater confidence that they will be able to repay in the future, <u>the quantity demanded of financial capital at any given interest rate will shift to the right.</u>
A plot in
Cartesian axes.
This kind
of graph has two exes: x (horizontal) and y (vertical). X represents the
independent variable, in this case: time. Y represents the dependent variable,
which is the one that is changing over time.
For example,
you can make this graph with temperature along the year. You will usually have
higher temperatures in summer, which will be represented in the upper part of
the graph, and lower temperatures in winter, which will be represented in the
bottom part of the graph. January will be on the left and December will be on
the right.
Answer:
When any company wants to sale their product without prior knowledge of the market then it's a disaster.
First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.
