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guapka [62]
2 years ago
10

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota, because his spouse's company transferred h

er to St. Paul. The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste." What is the decorator's problem?
a. The decorator does not understand that customer needs are neither right nor wrong, good nor bad.
b. The decorator has no core competencies that will transfer to his new geographic market.
c. The decorator is highly affiliated with the new target market and understands how he can create value for it.
d. The decorator should choose a strategy of cost leadership in this environment.
Business
1 answer:
kifflom [539]2 years ago
6 0

Answer:

The correct answer is option a.

Explanation:

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota because his spouse's company transferred her to St. Paul.

The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste."

The customers in St. Paul have a different taste from the customers that he catered to in Los Angeles. The consumer tastes and preferences may differ from place to place according to the climatic conditions, social status, cultures, etc.

The problem with the decorator is that he does not understands that customer needs are not right or wrong, good or bad. It is not right or wrong if the customers in Minnesota have a different preference from customers in Los Angeles.

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Answer:

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At the beginning of the loan contract, the borrower is usually provided with information on the number of equal repayment installments that, if consistently paid, would offset the entire loan obligation (principal plus interest)

This is determined as follows:

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Annuity factor= 146,960/19,032= 7.7217

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So we look up for the figure 10 under the the column labeled "n" , trace it through the row vertically to locate 7.7217. The rate that gives this figure is the applicable interest rate. This rate will be located by tracing upward from the point where we found 7.7217.

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