A traditional economy is<span> an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.</span>
The best thing to do in this situation is to ask the customer who is impatient to wait in line, it is best to inform the customer in a calm and professional manner to prevent conflict or misunderstandings to arise. It is also best to explain why the customer should wait in line for all other customers are waiting patiently to get their turn. It is only appropriate to follow the rules in order to prevent misunderstandings from happening.
Answer:
We will consider positive interest rate which is i=0.21 or i=21%
Explanation:
The formula for Future value is:

The present value will become:

where:
n is the number of years
Since the condition is same present value,so the given data form the equation:

Divide above equation by 

Let
. Above equation will become:

Rearranging above equation:

Solving the quadratic equation:
z=1.1, z=0.9
Let
will become:


For z=1.1

For z=0.9

we will consider positive interest rate which is i=0.21 or i=21%
if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.
<h3>What is a
marketing mix?</h3>
In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.
The four elements of marketing mix are often called 4 'Ps' and includes:
- price
- product
- promotion
- place.
In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,
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