Answer:
$351,912.61
Explanation:
Data provided in the question:
function that models the rise in the cost of a product

C = $285,700
t = 14 years
r = 1.5% = 0.015
Now,
On substituting the respective values in the given function, we get
inflation-adjusted cost in 14 years i.e C(14) = $285,700(1 + 0.015)¹⁴
or
C(14) = $285,700 × 1.2317
or
C(14) = $351,912.61
I think is 475848 because I just timed by 48 so I got 475848
It is a way of managing a companies relationship with current and future relationships. Keeping a good name with your customers treating them right, in most business the customer is always right even if they are wrong.
Good customer research is a very important part of the business, because knowing what the customers want and why they want that will help in better sale.Some of the techniques of <span>identifying customers' needs and wants are:
- Interviewing customers
- Conducting voice and customer surveys
- Analyzing your competition
- Interviewing stakeholders and obtaining the data they have
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Agribusiness, i believe is your answer
hope this helps :)