Explanation:
Business is essential and promotes the quality of human life for two reasons: for producing economic goods and services and for generating jobs.
Economics is the science that studies and uses the set of actions that use resources to produce and distribute goods and services for consumption whose objective is to assist in the survival and quality of life of individuals. Companies are responsible for producing essential goods and services, such as food, medicine, clothing, etc.
The generation of jobs is also a factor that comes from business, through the human labor force that companies need to operate the business, it is possible to generate income for individuals, strengthen the economy, etc.
Answer:
0.7056 or 70.56%
Explanation:
As there is three portfolios, the market portfolio and the risk free asset are given
Plus the correlation of return on portfolio Y to return on the market is 0.84
So by considering the given information in the question, the percentage of portfolio Y return is
= Correlation of return on portfolio Y to return on the market ^ 2
= 0.84 ^ 2
= 0.7056 or 70.56%
Answer:
credit
Explanation:
an agreement between a buyer and the seller that payment for product or service will be received at some later due date
Without new products, Erik can market his current products only to his current market the same products to similar customers
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Explanation:</u></h3>
New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.
But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.