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Andre45 [30]
3 years ago
8

A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an automotive parts supplier. Dur

ing that time period, he has accumulated $124,000 in the company's 401(k) plan. He wishes to rollover the funds to an IRA account with your brokerage firm. This customer, who is an unsophisticated investor, has the entire 401(k) invested in a growth mutual fund and has no other investments. As the representative for this customer, you should be concerned about:________
Business
1 answer:
Gekata [30.6K]3 years ago
5 0

Answer:

communicating effectively with an unsophisticated customer in an understandable manner to assess financial goals and risk tolerance

Explanation:

The new customer who has accumulated $124,000 in his company's 401(k) plan wants to rollover his funds with a brokerage firm.

However he only invested in a growth mutual fund.

This is a scenario that could lead to total loss for the customer if the growth mutual fund fails. A better approach would have been to invest in more than one option.

The first action should be to communicate effectively with the unsophisticated customer in an understandable manner to assess financial goals and risk tolerance.

Based on his Prefered objectives an investment plan can be recommended for him

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Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Gre4nikov [31]

Answer:

a.Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.

Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .

The opportunity cost of georgeland in producing clothes = 36 / 18=2

The opportunity cost of georgeland producing food = 18 / 36 = 0.5

For Alland,

the opportunity cost of producing clothes = 32 / 16= 2

the opportunity cost of producing food = 16 / 32 = 0.5

Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.

I hope my answer helps you

7 0
3 years ago
Employees and customers are treated like a family at Rahal Realty. Fadil and Inas Rahal, the owners, work to encourage unity to
Sever21 [200]

The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.

<h3>What is clan culture?</h3>

A clan culture can be regarded as a tribe-like type of corporate environment which believe in

commonality of goals and values.

Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.

Learn more about culture at;

brainly.com/question/25010777

5 0
2 years ago
A marketing professor in Ithaca, New York, maintains a museum of failed consumer products. Most new products in this museum fail
Nesterboy [21]

Answer:

test marketing

Explanation:

Test marketing is an experimental test of a product in a real life market. Buyers are studied in live shops or market without them knowing. It is conducted on a small scale to see the effectiveness of a marketing strategy.

When the products do not perform well at the test marketing phase it is assumed it will not also perform well in the real market, so they are termed failed products.

The marketing manager in Ithaca maintains a museum of failed consumer products from the test marketing stage.

4 0
3 years ago
The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m
xeze [42]

Answer:

The answer is market strategy development stage.

Explanation:

During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.

8 0
3 years ago
Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri
irina1246 [14]

Answer:

<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>

<u>Explanation:</u>

It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.

Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).

6 0
3 years ago
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