Answer: B
Explanation: consumers buy product to maximize SATISFACTION and not for profit motive. They are expected to buy at the point where price of commodity = marginal utility of the commodity I.e PX = MUx
Answer:
5.0%
Explanation:
You can solve this using financial calculator .I'll be using (Texas Instruments BA II Plus)
<em>Note; If using same calculator as mine, key in the number first then the function key.</em>
Initial investment ; PV = -1000
Recurring payment ; PMT = 50
Duration of investment; N = 5
Future Value at the end of 5 years ; FV = 1000
Then CPT I/Y = 5%
Therefore, the expected rate of return on this investment would be 5%
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Answer:
The answer is Letter B, appraisal index
Explanation:
Because appraisal index returns are based on estimates of property values. Estimating values tends to introduce smoothing into returns data, appraisal index returns are likely to have lower standard deviations than index returns based on repeat sales, trading prices or REIT trading price.
Answer: c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology.
Explanation:
When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.
This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.
