Answer:
<u>The present value of the loan is $45,297</u>
Explanation:
Instalment (A)= $9,000.00
PV factor (B)= 5.033
Present value of loan (A x B)
=$ 45,297
Answer:
understand the position of their competitors.
Explanation:
For a business to strive in an environment where competitors are also operating it is very important to have a good understanding of position of competitors in the market place.
In the given scenario there are other other start-up firms and local shops operating in the same community.
The business has completed the segmentation and targeting processes, to ensure that they are best positioning their service within this community.
Next they will have to understand the competition's aims, strategies, and strengths in order to adequately counteract them.
The Answer to the question is definitely C.
