Falsely claiming that a competitor's product is defective or harmful might constitute defamation or product disparagement. This statement is true.
<h3>What is the definition of competition?</h3>
In business, competition is always a factor. Whether it is two companies vying for the same customer base, or two employees vying for the same promotion, competition is a natural part of the business world. However, there is a line that should not be crossed when it comes to competition. Falsely claiming that a competitor's product is defective or harmful might constitute defamation or product disparagement.
Defamation is defined as a false and unprivileged publication by writing, printing, picture, effigy, or other fixed representation to the eye, which exposes any person to hatred, contempt, ridicule, or obloquy, or which causes him to be shunned or avoided, or which has a tendency to injure him in his occupation. Product disparagement is similar, in that it is a false and injurious statement made about a competitor's product.
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Answer:
option (c) $167,597.77
Explanation:
Data provided in the question:
Monthly mortgage payment = $900
Duration of loan, n = 30 years = 360 months
Interest rate = 5%
Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167
Now,
Mortgage loan can he afford
= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]
= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]
= $167,597.77
Hence,
The answer is option (c) $167,597.77
Answer:
it serves as a medium of exchange
Explanation:
<em>Money facilitates trades because it serves as a medium of exchange.</em>
<u>Trade generally involves the exchange of goods/services for another goods/services or money. The exchange of goods/services for another goods/services is termed trade by barter.</u>
Generally, all over the world, money is recognized as a medium of exchange. Each good/service can easily be evaluated in terms of money and the amount is exchanged during trading.
18%
The "Rule of 72" tells you how long it takes your money to double. Divide 72 by the interest rate to find the number of years. In this case the interest rate is "x"
72/x= 4 years
x=18
