Answer:
Benefits
Explanation:
Both existing and potential customers attached the value of a product to its perceived benefits rather than its technical features.
When selling a product, businesses should focus more on communicating the benefits of a commodity than its features. Customers are more concerned with the advantages they stand to gain by consuming goods or services.
Focusing on benefits allows a business to set high prices and differentiate the product from its competitors. Communicating benefits creates a psychological conviction on customers, making them want to buy the product, thereby increasing sales.
Based on the fact that the borrower was charged $412.50 on his balance of $60,000, the interest rate is 8.25%.
<h3>What is the interest rate?</h3>
The interest amount is monthly so the yearly amount is:
= 412.50 x 12
= $4,950
The borrower's interest rate is:
= 4,950 / 60,000 x 100%
= 8.25%
In conclusion, the borrower's interest rate is 8.25%.
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With the increase in the price of caramel toppings, the demand for caramel toppings will decrease.
With the increase in the price of butter scotch toppings, the demand for butter scotch toppings will decrease.
<u>Explanation:</u>
There is an inverse relationship between the demand of a good with the price of that good. With the increase in the price of a good, there is a fall in the demand of that good.
Similarly with the decrease in the price of that good, there is decrease in the demand of that good. This is known as the law of demand and because of this reason, the demand curve is downward sloping.
