The type of store that has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets is known as discount stores.
<h3>What is a Discount Store?</h3>
This refers to the type of store which makes a bulk purchase of items and then sells them off at a lower price than they are worth.
Hence, we can note that a discount store operates in a way that enables them to engage in efficient distribution and bulk purchasing to meet the needs of their customers.
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Answer:
1. 11.90
2. 23.79
Explanation:
How Long Does It Take To Double Your Money?
A=P(1+r/100)^n
where
A=future value($2x say)
P=present value($x say)
r=rate of interest
n=time period.
SOLUTION
A=P(1+r/100)^n
2x=x(1+6/100)^n
Divide both side by x
2=(1+6/100)^n
2=(1.06)^n
Taking log on both sides;
log 2=n*log 1.06
Making n subject of the formular
n=log 2/log 1.06
=11.90 years(Approx).
How Long Does It Take To Quadruple Your Money?
We use the same formula:
A=P(1+r/100)^n
where
A=future value($4x say)
P=present value($x say)
r=rate of interest
n=time period.
SOLUTION
A=P(1+r/100)^n
4x=x(1+6/100)^n
Divide both side by x
4=(1+6/100)^n
4=(1.06)^n
Taking log on both sides;
log 4=n*log 1.06
Making n subject of the formular
Hence n=log 4/log 1.06
=23.79 years(Approx).
Answer:
D) value-based
Explanation:
According to House's 1996 reformulated and improved path-goal theory, Pat is using a value-based leadership style.
This style is associated with strong follower commitment, a defined vision and values that are shared with employees. extreme confidence in the team members' ability, communication/appraisal of expected accomplishments and frequent positive evaluation.
This leadership style is attached to the previous four types in the 1996 reformulation of the famous path-goal theory.