In Ghana. In the late spring 1970 Steve Reich went to Ghana to think about drumming. With a travel concede from the Special Projects division of the Institute of International Education, he advanced toward Accra keeping in mind the end goal to think about with Gideon Alorworye, the inhabitant ace drummer of the Ghana Dance Ensemble.
Answer:
R=407.11$
Explanation:
Since the Marie wants to contribute equal amount per month in order to get the $3,000,000 after 40 years, therefore the future value of annuity formula shall be applied to the given question to solve the problem.
Future value of annuity=R[((1+i)^n-1)/i]
R=monthly investment to be made=?
n=number of payments involved=40*12=480
i= interest rate=10.5%/12=0.875%
Future value of annuity=$3,000,000
$3,000,000=R[((1+0.875%)^480-1)/0.875%]
R=407.11$
Option C
Costly to imitate criteria for sustainable competitive advantage
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Explanation:</u></h3>
Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors. A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.
It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.
