Answer:
<u><em>Local demand conditions</em></u>.
Explanation:
Michael Porter developed the diamond model, which is a framework that identifies the factors that help some organizations in a given country to be internationally competitive because they are so innovative.
For Porter companies that have international competitive advantages have a set of localization advantages, which include:
- Strategy,
- Structure and Company Rivalry advantages;
- Factorial conditions;
- Demand conditions; and
- Industries.
Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.
<h3>What is a lease?</h3>
It should be noted that a lease simply means a contract where a party conveys land, property, etc for a period of time.
In this case, Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.
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Answer:
Monthly installment = $2,202.17
Explanation:
<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.
</em>
The monthly installment is computed as follows:
Monthly installment= Loan amount/annuity factor
Loan amount = 200,000
Annuity factor = (1 - (1+r)^(-n))/r
r -monthly rate of interest, n- number of months
r = 1% = 0.01, n = 20× 12 = 240
Annuity factor = ( 1- 1.01^(-240) )/0.01
= 90.81941635
Monthly installment = 200,000/90.819
= 2,202.172
Monthly installment = $2,202.17
This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.
We can arrive at this answer because:
- A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.
- These amortization expenses allow the cost of long-term assets to be represented in the payment.
- However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.
In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.
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