Answer:
C) a manufacturer who creates tools such as bolts, latches, door handles etc. for left-handed individuals
Explanation:
A niche market is a segment of a market that has a specific target group of consumers, usually due to a highly specific need or interest of those people. On the contrary, mainstream providers cater to the needs of the mass market, a customer base that is not specific and is largely diverse.
Therefore, large-scale manufacturers that have a large range of standardized products are <u>not</u> considered as niche.
In this example, the company producing miscellaneous things tailored for left-handed individuals is highly niche by nature.
Not sure the context of this question is there any additional info?
Answer:
D
Explanation:
A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because average cost and marginal cost are equal.
Feedback gives somebody another point of view other than there own allowing them to improve themselves
Answer:
5.09%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator.
Cash flow in year 0 = $-600,000
Cash flow each year from year 1 to 29 = $48,000 - $16,000 = $32,000
Cash flow in year 30 = $32,000 + $500,000 = $532,000
IRR = 5.09%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
