3 years ago

1. What is the advantage of offering more choices for something?

1 answer:

6 0

Know that giving customers too many choices can overwhelm and lead to fewer sales the benefit of limited sharing options

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2 years ago

A pair of shoes is a example of ____ someone might purchase it is not a service

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Style either or respect

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2 years ago

Find out equilibrium price and output for the following market condition.

Ierofanga [76]

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At equilibrium demand is equal to supply therefore

Qd=Qs

50-2P=3P

By collecting like terms

50=3P+2P

50=5P

P=10

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Explanation:

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3 years ago

Most loans are paid back in __________ installments. a. daily b. weekly c. monthly d. yearly.

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1 year ago

George is offered an investment opportunity by his friend Ray. He asks George for $6,900 and offers to repay him $12,990 after a

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Answer:

Depositing in bank is a better option.

Explanation:

For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,

Future worth method is used here,

Given that,

PV = $6,900

R = 9%

N = 10 Years

$FV = PV\times(1+R)^{N}$

$FV = 6,900\times(1+0.09)^{10}$

$FV = 6,900\times(1.09)^{10}$

FV = 6,900 × 2.3673

FV = $16,334.81

Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.

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2 years ago