Price. It is the sum of all values that buyers exchange for the benefits of having or using a good or service. can be defined very narrowly as the amount of money charged for a product or a service. However, the price is really more than that.
Answer:
False
Explanation:
There are several methods that businesses use to determine the price of goods and services. The most common one involves first calculating the cost of production or the cost of goods sold. The desired markup is added to the cost. Other methods include the break-even analysis, target prices, and going by the market rate.
In all these methods, the price is determined selling starts. It means the price is set before selling starts. Therefore, income cannot be generated before a price is determined.
Answer:
planning
Explanation:
Planning is the method of focusing on the actions needed to achieve a specific purpose. Achieving desired outcome is the first and probably most important activity. This involves creating and managing a strategy, like psychological side that include analytical competencies. There are indeed a few assessments to assess the skill of someone to plan effectively.
The planning process has been extensive and is appropriate for many professions. There are different kinds of strategies in each sector that help businesses achieve productivity and efficiency. An important element of planning, though often neglected, is the connection it has to forecast.
Answer:
13 years
Explanation:
As for the provided information, we have
Present value annuity factor required = 
Now provided interest rate = 6%
With this interest rate as in the future values for a series of same amount , we see that for 13 years the value = 8.8526
This can even be calculated as follows:
As with this we can confirm our answer.
Therefore, number of years = 13 years.
Here is your genuine answer
