Answer peoples questions and do the challenges
Answer:
finding new users
Explanation:
Market modification refers to the mechanism whereby the companies try and increase the product life cycle by extending the same product to more users than before.
Market modification strategy may be carried out by increasing the usage i.e quantity of current product by the existing users, or by adding new users to the same product by making it suitable for more customers or by altering the product quality and it's packaging.
In the given case, the product which was initially targeted at men, providing solution to the problem of hair loss, was later marketed to women too. So in this case, the company basically specified i.e informed the customers that it is not specific to a particular gender as the problem is common to all and anybody who seeks remedy to the problem, can use the product.
Thereby, the company found new users in the form of women, to whom such products can be extended and sold.
From an information technology perspective, data warehouse includes the infrastructure for warehousing, integrating, reporting, and analyzing data from the business environment.
<h3>What is a data warehouse?</h3>
A data warehouse refers to the type of data management system that is designed and used to enable and support the business intelligence and business environment activities,
Generally, data warehouse is also known as enterprise data warehouse, which is a system and process of collecting and managing the data from different sources in order to provide meaningful business insights.
Basically, data warehouse includes the framework for analyzing, reporting, warehousing etc.
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The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.
<h3 /><h3>What do you mean by present value?</h3>
Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.
As per the given information:
A: $32,595
P: ?
r: 11%
n = 18 years
Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.
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