Answer:
4. Relationship analysis, often referred to as customer relationship analytics, is known as the processing of information and data about their customers and the relationship that is established with the organization or enterprise , this is done in order to generate more sales and service also to lower the cost.
5. The principle or base of the Analogy technique is mostly grounded on identifying the typical factors and features of concerning problem, and thus finding situations, objects, or the places that also tends to have these same features; and therefore using them as the mental stimuli in order to solve the concerning problem.
Answer:
b. Producer.
Explanation:
Organizational buying deals with the process of purchasing products and services after duly identifying, evaluating and choosing which company to buy from.
Organizational buying is mainly classified into four categories, these are;
1. Producer.
2. Intermediary or Retailers.
3. Wholesaler.
4. Institution.
In this scenario, Dell Computer buys computer chips from Intel for the purpose of making computers to be sold to consumers and other organizations. Dell is an example of a producer organizational buyer because it bought computer chips, so it can be used to manufacture a computer.
Hence, the producers usually buy raw materials, components or other parts, from other manufacturers to use in producing goods for their consumers or end users.
Answer:
b. $6,404.20
Explanation:
Value of prize = $1.4 million = $1,400,000
Amount to be received in years = 70 years
Interest Rate = 8%
Future value = Present value x ( 1 + interest rate )^-number of years
FV = PV x ( 1 + r )^n
1,400,000 = PV ( 1 + 0.08 )^70
1,400,000 = PV ( 1.08 )^70
1,400,000 / ( 1.08 )^70 = PV
PV = $6404.20
So The present value of the winning is $6,404.20.
