Answer: It impacts consumer rationality negatively because the kids don't rationally need a new product, but convince their parents to buy it regardless.
Explanation:
Marketing to children is one of the best ways to market a product, children area force when they need something, the unrest they create and pressure they mount gives their guardian's no rest till the item is gotten. This affects customer rationality negatively due to children don't rationally need new products, but would rather convince their parents to buy any regardless, so long they're interested in it.
They involve a fixed total price for a well-defined product or service which is true of lump-sum contracts. The correct option is C.
<h3>What is the advantage of a lumpsum contract?</h3>
Lump sum contracts allow for a more straightforward assessment of soil conditions, bidding prices, and pre-construction analysis, making the selection process less time-consuming. Accounting for lump sum contracts is low-intensity, which reduces the contractor's overhead expenses and allows for consistent cash flow.
A lump sum contract, also known as a stipulated sum contract, is one in which the project owner provides explicit specifications for the work and the contractor provides a fixed price for the project.
Thus, the ideal selection is option C.
Learn more about a lumpsum contract here:
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Answer:
The answer is 32.4 years
Explanation:
The person in question is trying to buy $200,000 Ferrari. This is the FUTURE VALUE(FV)
As at today, the person has $48,000 in the bank. This is the PRESENT VALUE.
The prevailing interest rate is 4.5 percent per annum.
So, to find the number of years now:
Lets use financial calculator to solve this.
PV = -48,000;
FV = 200,000
I/Y = 4.5
CPT N = 32.4
Therefore, the number of years needed to buy this car is 32.4 years.
The two types of budgets are capital improvement budget and Yearly operating budgets.