<u><em>SIMPLY: </em></u>
<em>ANSWER</em>:
<u>Though a bank in itself is a financial institution, it differs from other financial institutions by a significant extent. The most prominent difference is the fact that they provide the facility of depositing cash by resorting to savings account―something which the non-banking financial institutions are not entitled to do</u>
<u>Difference between Banks and Financial institutions</u>
<em>It is a tough task to compare the two as there exist several financial institutions, and each of these differ from banks by a significant extent. Differentiating between banks and financial institutions is as good as comparing a deposit-taking financial institution with a non-deposit-taking financial institution.
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<em>If that criteria is taken into consideration both financial set-ups differ from each other on the basis of depositing facility, which is only provided by banking institutions. That’s true to a certain extent, but it is by no means complete.
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<em>Even though banks are deposit-taking financial institutions themselves, they can at times differ from other deposit-taking financial institutions. Credit unions, for instance, allow consumers to deposit (or borrow) money, but in order to avail this facility, you need to be a member of the said credit union.
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<span>The Government uses the budget system to determine the allocation of resources among its major functions such as ensuring the national defense, promoting commerce, and providing health care as well as to determine the objectives and scope of individual programs, projects, and activities. I guess that is what youre asking for?</span>
Answer:
The correct word for the blank space is: Target market.
Explanation:
The target market is the sector of the market that companies look forward to offering their goods or services. After segmentation analysis, firms determine their specific niche so they can specialize in manufacturing a product that will better match consumers' needs, thus, it is more likely they will purchase the product. Target marketing is based on the central Marketing Theory.
Answer:
$8,125,000
Explanation:
Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.
Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%
Fixed cost = $4,625,000
Break-even point = Fixed cost / Contribution margin ratio = $4,625,000 / 37% = $12,500,000
Break-even Sales for Sports Division = $12,500,000 x 65% = $8,125,000
