<span>The definition of marketing
mix is the tactics employed by a company for promoting its product or brand in
the market for moving ahead of its competitors. A mix of 4 P’s actually
completes the marketing mix. Now the question that might cross your mind
instantly is what are the 4 P’s? The first P is Price, the second P is the
Product, third P signifies Promotion and the last but not the least important P
or the fourth P is the Place.</span>
Answer:
We consider the salvage value as an income at the last moment.
Explanation:
The salvage value is the money we can when we sell the fixed assets we use in project.
When we compute the net present value , we consider the salvage value as an income in the last moment. We have to consider the time of the project to bring it at the actual moment. If the rate of discount is different to 0, the actual value of salvage value , will always be smaller that the $45,000
Answer:
Business model
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.
Answer: D
Explanation:
As the name implies, the most basic difference between a product and a service is that services are intangible, meaning they cannot be touched, tasted, or seen like a pure product can.