Farmer Mac works with lenders to make long-term credit available to homeowners and businesses in agricultural and rural communities, including farmers and ranchers.
<h3>What is long term credit?</h3>
- Money borrowed with a minimum five-year grace period before repayment is due: Long-term credit interest rates are likely to remain unchanged or slightly decline.
- Long-term loans include those for cars, homes, and some types of personal loans. Long-term loans are available to suit both personal and business needs, such as purchasing machinery.
- The most common type of credit in the financial sector is long-term borrowing.
- Long-term financing decreases reliance on any one source of funding and offers more resources and flexibility to fund different capital needs.
- It also enables businesses to spread out the maturities of their debt.
Learn more about long term credit here:
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Answer:
1. when all competitors are stuck in the middle
2. when cost is strongly affected by share or interrelationships
3. when the company pioneers a major innovation
Explanation:
according to porter generic business - level strategies, differentiation is a means to achieve an overall low cost position.
She should work 2 times faster and ask for some additional helpers
Answer:
Time value of money
Explanation:
The reason is that the money invested today worth more tomorrow. If we have option to pay our supplier $5m after a year is more suitable option than paying him today. The reason is that the amount paid today will be worth $5m but if we pay our supplier after a year then in real terms we have paid the supplier less because money lost its worth by certain percentage during the year. So paying late makes the liability cheaper required their are no interest or other costs.
It's incorrect to say competitive strategy- because LVMH is not a business. LVMH doesnt compete with anyone because it is a conglomerate of decentralized brands. Each brand has its own DNA/story/value proposition and its own competitors and unique business strategies.
Having said that, LVMH's 'corporate' strategy is to hold a portfolio of the most cherished, coveted luxury brands and add value through its specialized resources - sourcing, its supply chain management, brand management and talent.