Answer:
11.92%
Explanation:
The computation of the simple interest per year is shown below:
Future value would be
= Deposited Amount × (1 + rate of interest)^years
= $3,700 × (1 + 7.1%)^9
= $6,859.73
Now the simple interest is
= (Future value ÷ deposit) - 1 ÷ number of year
= ($6,859.73 ÷ $4,000) - 1 ÷ 9
= 0.71493 ÷ 9
= 11.92%
Answer:
c. By making it easier for countries to trade with each other.
A company that rents bikes to students without any supporting business processes has likely implemented a differentiation competitive strategy.
<h3>What does "competitive strategy" mean?</h3>
A business uses a set of rules and practices known as a competitive strategy to acquire a competitive edge in the market. It is the procedure for choosing and carrying out steps that enable a corporation to strengthen its position in the market.
A company's competitive strategy is its long-term action plan, which is intended to provide it a competitive edge over its rivals after assessing their industry-specific strengths, weaknesses, opportunities, and threats in comparison to your own.
In essence, differentiation in business relates to the idea of distinguishing your business from the competitors by a particular feature, such your distribution system or pricing point.
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Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
In build-borrow-or-buy framwork,a firm's internal resources are considered to be relevant when they are of capital in nature.
Given an incomplete sentence related to build- borrow-or-buy framework.
We are required to fill the sentence so that we will get an appropriate meaning of the sentence.
In build-borrow-buy-framework a company needs to determine whether it has to fulfil its empty or semi empty resources through building the resources, borrow the resources or simply buy the resources.
In build-borrow-buy- framework the company needs to keep in mind the decision when the resources are capital in nature because it involves huge money and it involves huge risk.
When company has to build the capital asset then it involves huge cost and the company needs to determine its budget.
When company has to borrow the capital asset then there is less requirement of funds at one point of time. For example: rent of asset,etc.
When company has to buy the capital asset then the company needs to determine how many years that asset can give the company.
Hence in build-borrow-or-buy framework,a firm's internal resources are considered to be relevant when they are of capital in nature.
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