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andreev551 [17]
3 years ago
11

Unilever discovered that people in emerging economies could not afford to buy standard sizes of toothpaste or shampoo, so Unilev

er started selling single-serve packets at very low prices. Later, Unilever discovered that the same approach worked in the United States and started also selling them there. This is an example of
Business
1 answer:
Nata [24]3 years ago
3 0

This is an example of reverse innovation.

<h3><u>Explanation:</u></h3>

Reverse innovation is the process by which the goods are produced as an inexpensive model for the purpose of meeting the requirements of the nations. It is an important phenomenon for the GDP growth of any nation. It also gives an opportunity for learning by engineering students.

In the given example, Unilever found that people in the emrging econmies will not affod buying toothpastes or shampoos of standard size and hence they decided sell single serve packets at lower prices. It also worked in U.S too. This is an example of Reverse Innovation.

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you plan to deposit $1,500 quarterly for 35 years at 7% interest, compounded monthly. how much will you have in the account in 3
VikaD [51]

After 35 years, you will have $911,053.82 in the account.

This is based on a quarterly deposit of $1,500 per year for a period of 35 years at 7% interest, monthly compounded.

Data and Calculations:

Quarterly Deposit = $1,500

Number of years = 35 years

N (# of periods) = 140 (35 x 4)

I/Y (Interest per year) = 7% (0.583% per month)

PV (Present Value)  = 0

Quarterly PMT (Periodic Payment) =  1500

P/Y (# of periods per year) = 4

C/Y (# of times interest compound per year) = 12

PMT made at the of each period

Results:

Future Value = $911,053.82

Sum of all periodic payments = $210,000.00 ($1,500 x 140)

Total Interest = $701,053.82 ($911,053.82 - $210,000)

Thus, after 35 years, the account will have a balance of $911,053.82.

Learn more: brainly.com/question/17028320

7 0
2 years ago
Your bagel company has a market share of 7% of area breakfast sales and you have a goal to increase that to 10% in 1 year. The m
Nana76 [90]

Answer:

$105,000

Explanation:

The total sales are 3,500,000, and the current market share is 7%.

3,500,000 * 0.07 = $245,000

The goal is to increase the market share to 10%

3,500,000* 0.10 = $350,000

The difference between original sales and the target sale is

245,000 – 350,000 = $105,000

An increase of $105,000 is required to achieve a market share of 10%

7 0
3 years ago
The process by which different individuals and units perform specific parts of the larger task is called ? user: the procedures
Elena-2011 [213]
Coordination is the right answer
7 0
3 years ago
Read 2 more answers
A product is scarce when what happens?
blondinia [14]
D. Demand is greater than supply
8 0
3 years ago
Read 2 more answers
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing
liq [111]

Answer:

A. $3,520

B. $13,520

C. $240 monthly

D. 21.55%

Explanation:

A. Calculation for the total interest

Using this formula

Interest = (Principal) (Rate) (Time)

Let plug in the formula

Interest = (8000)(.11)(4)

Interest = $3,520

B. Calculation for the total cost of the car

Using this formula

Total Cost = Down Payment + Principal amount Borrowed + Interest amount

Let plug in the formula

Total Cost = $2,000 + $8,000 + $3,520

Total Cost = $13,520

C. Calculation for the monthly payment

Using this formula

Monthly Payment = (Principal amount Borrowed + Total interest amount ) / Total number of payments

Monthly Payment = ($8,000 + $3,520) / 48

Monthly Payment=$11,520/48

Monthly Payment=$240 monthly

Note 4-year * 12 months will give us 48months

D. Calculation for the annual percentage rate (APR) using this formula

APR= (2 × n × I) / [P × (N + 1)]

Let plug in the formula

APR = (2 × 12 × $3,520) / [$8,000 × (48+1)]

APR =$84,480/$8,000×49

APR=$84,480/$392,000

APR=0.2155×100

APR= 21.55%

7 0
3 years ago
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