When managers organize divisions according to the types of customer to whom they market their products, they are focusing<span> on the product structure: market structure.
</span>The market structure is an organizational structure in which each kind of customer is served by a self-contained structure.
Answer:
C
Explanation:
The relationship between average total cost (ATC) and marginal cost (MC) is that the MC curve intersects the ATC curve at its minimum point.
Answer:
$61,445.20
Explanation:
we need to determine the present value of an annuity, and the simplest to determine this is by using annuity factors:
number of payments = 20
interest rate = 7%
annuity payment = $5,800
present value of the annuity = $5,800 x 10.594 (PV factor, 7%, n= 20) = $61,445.20
if we do not have an annuity table at hand (or in the internet), the formula used to calculate the annuity factor is:
annuity factor = [1 - 1/(1 + r)ⁿ] / r