Answer:
<em>Max APR=6.34%</em>
Explanation:
<u>Present Value of Payments</u>
If someone borrows an amount PV and will make regular payments of R dollars, then the relation between them is
Where
We know the maximum value for R is $650, thus we can know the minimum value for Fa with:
It means that we need to find the value of i such that (for n=48):
This equation cannot be solved in terms of natural or algebraic functions. We need to find the best possible value of i by any numerical approximate method. Let's start off by setting i=0.01
It's too far away from the required value. Now we adjust to i=0.005
This is a much better value. A final iteration for i=0.00528 gives
This value is close enough to the required answer. Converting it tho APR:
Explanation:
Advantages of Division of Labor
Efficient Mastery. Without the division of labor, mastery of a skill takes much longer. ...
Quicker Training. Some industries have a higher turnover rate than others. ...
Productivity. ...
Efficient Allocation of Workers. ...
Cheaper Products. ...
Higher Wages. ...
Innovation.
The statement, because of their economies of size, large food processors typically spend a smaller percentage of sales on promotion than do small processors, is false.
The large food processors typically spend a huge amount on the sales promotions for better sales with a good amount of profit. Thus, they do so because sales promotions boosts sales of a product by creating demand in the market.
This creates both the consumer demand as well as trade demand. It also improves the performance of middlemen and acts as a supplement to advertising and personal selling.
Hence, option B is correct.
To learn more about sales promotions here:
brainly.com/question/13975307
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Answer: (E) Market development
Explanation:
The market development is one of the type of marketing growth strategy in which it helps in developing the various types of new segments for targeting the new customers for the purpose of buying the various types of products.
The main objective of the market development growth strategy is selling the various types of current products in the new geographical market.
According to the given question, the Quitman enterprises is one an organization that selling the language dictionary to the students in the united state and the company also wants to startup the business in the international level.
Therefore, Ouitman pursing the market development growth strategy.