Answer:
Research and Development
Explanation:
Companies will always invest resources in developing new products and services. The process of investigating and innovating these new products is known as research and development. the introduction of new products helps the company stay ahead of its competitors. Research and development help the company produces goods and services that are in demand.
Answer:
$14,316.76
Explanation:
How much you will have saved?
<em>Using MS Excel to calculate the FV function</em>
= FV(Rate, Nper, Pmt)
= FV(1,5%, 24, 500)
= 14316.7604
= $14,316.76
So, the total amount you will have saved by putting away $500 per month for 24 months at a 1.5% annual interest rate is $14,316.76
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Answer:
The technology is a support activity in a firm's value chain.
Explanation:
Value chain analysis means the analysis which adds the value to the organization. It can be categorized in two activities - primary activities and support activities. This value chain analysis is propounded by Porter.
The primary activities includes inbound & outbound logistics, operations, Marketing & sales and service whereas support activities includes firm infrastructure, human resource management, technology , and procurement.
Thus, the technology is a support activity in a firm's value chain.