Answer:
The correct answer is D. shared cost effect
Explanation:
The shared cost effect refers to the reduction in price sensitivity of a customer created through the perception that part of the purchase price is paid for by a third party of the firm itself.
<h2>Answer</h2>
D) Customer demand for the product
<h3>Explanation</h3>
For a business opportunity to prosper and grow ahead, it is imperative that the offered product or service has actual demand present. If the demand is present, the sales will be automatically achieved. This will result in higher sales and therefore more generation of profits in the future. Without optimal demand present in the economy, it is not worth putting time and efforts in a business.
Answer:
<u>Establish project priorities</u>
Explanation:
<em>Remember</em>, we are told the project professional has been assigned to manage a project, therefore going by the guiding steps when defining a project, the next and second step he should take is to establish project priorities.
In other words, he should draft out what tasks should be done first, those for later, and so forth in other to successfully achieve/finish the project's objective.
Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
![PV=PMT(\frac{1-(1+i)^{-n}}{i})](https://tex.z-dn.net/?f=PV%3DPMT%28%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%29)
PMT = The monthly payment = $448
i= Rate of interest per period ![=\frac{4.5}{12}\%=0.00375](https://tex.z-dn.net/?f=%3D%5Cfrac%7B4.5%7D%7B12%7D%5C%25%3D0.00375)
n = The number of month = 48 months
Therefore
![PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})](https://tex.z-dn.net/?f=PV%3D448%28%5Cfrac%7B1-%281%2B0.00375%29%5E%7B-48%7D%7D%7B0.00375%7D%29)
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.