This was a new venture for Nicole. She wanted to try something new for the first time as compared to the normal business routine she had. So, she took the advice of her friend and combined spices after which, she distributed a first batch to grocery stores in Portland Seattle. She did this to test her product, to see how well customers would take this innovation. The feedback gained from the grocery stores she supplied to will be a determinant if she should continue mass production or not. That point is what we call Market testing stage.

6 0

3 years ago

________is the interest that the bank pays you on the principal plus on the_________ that you earned the preceding year.

Yuliya22 [10]

Answer:

Compound interest; interest.

Explanation:

Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.

Mathematically, compound interest is given by the formula;

$A = P(1 + \frac{r}{n})^{nt}$

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

n is the number of times the interest is compounded in a year.

t is the number of years for the compound interest.

7 0

2 years ago

Read 2 more answers

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current

erastova [34]

Compliance (must do) projects.

6 0

3 years ago

The ____ decision involves comparing the pros and cons of in-house production versus outsourcing of a given product or service.

solong [7]

Make-Or-Buy Decision<span>
</span>

4 0

3 years ago