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statuscvo [17]
3 years ago
12

Pays higher interest than a savings account

Business
1 answer:
vovangra [49]3 years ago
6 0
<span>Savings accounts typically have higher interest rates than checking. You can access your funds easily, too, but savings accounts aren't meant for everyday purchases. In fact, per a federal regulation, you can only take money out of savings six times a month via online banking, among other methods.</span><span>Apr 15, 2016</span>
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stimulating demand. creating awareness. identifying prospects. combating competitive promotional efforts. retaining loyal custom
KonstantinChe [14]

competitive promotional efforts. retaining loyal customers.

<h3>What is promotional efforts?</h3>

Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.

The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.

Promotional materials, events, or ideas are intended to increase product or service sales.

The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.

To know more about promotional efforts follow the link:

brainly.com/question/28113237

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6 0
2 years ago
[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have t
LuckyWell [14K]
[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have the cost amounts for two years. How would I do that?
3 0
2 years ago
Company X has beta = 1.6, while Company Y's beta = 0.7. The risk-free rate is 7%, and the required rate of return on an average
Kaylis [27]

Answer:

a. 5.40%

Explanation:

First, I will calculate the new cost of equity for both stock X and Y:

Required rate of return = risk free rate + (beta x market premium)

Re stock X = 8% + (1.6 x 6%) = 8% + 9.6% = 17.6%

Re stock Y = 8%  + (0.7 x 6%) = 8% + 4.2% = 12.2%

The difference between the required rate of return = 17.6% - 12.2% = 5.4%

4 0
3 years ago
Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a
Masteriza [31]

Answer:

  • Paul Donut Franchisee : Perfectly Elastic Supply
  • P & G Facial Tissues : Elastic Supply
  • Papermate Pens : Inelastic Supply
  • Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

  1. Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
  2. Inelastic Supply :  P(Es) < 1 ; % change in supply < % change in price
  3. Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
  4. Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
  5. Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant
  • Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
  • P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
  • Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
  • Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic
6 0
3 years ago
A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this w
mixas84 [53]

Answer:

pooling losses

Explanation:

This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.

8 0
2 years ago
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