The answer to this question is Smartphones.
Smartphones have taken over the market all over the world during that period due to the flexibility of their usage.
It's held the capability to do almost any casual technology user do, which pretty much change the course of overall human behavior.
To control the supply of money to help stabilize the economy
Explanation:
An increase in the supply of money works both through lowering interest rates, which spurs investment, and through putting more money in the hands of consumers, making them feel wealthier, and this stimulates spending.
Answer:
The correct answer is letter "B": The customer is king.
Explanation:
Marketing has evolved along time. We can identify five (5) eras in the marketing evolution: <em>The Production Era, The Product Era, The Selling Era, The Market-oriented Era, </em>and <em>The Holistic Era</em>.
In the Market-oriented Era (developed around the 50s) customers were the center of production. Companies focused their efforts to manufacture goods according to consumers' demands. Thus, a phrase such as:
"<em>The customer is king</em>";
would be typical of this marketing era.
Answer:
Relationship by assumed representation.
Explanation:
A third party believes a principal has an agent acting on his behalf and interests without properly confirming from the principal, this relationship is known as relationship by assumed representation.
First, the third party is not told by the principal that a particular person is his agent and will represent him, he assumes it, probably because he sees both of them together.
The third party fails to explicitly ask the principal if the agent represents his interests and goes ahead to deal with the agent, he is merely transacting based on assumed representation.
It is totally different when the principal explicitly tells the third party that this is his agent who will be representing him.
Answer:
$1,161.23
since the coupon rate is higher than the market rate, the bonds will be priced at a premium
Explanation:
In order to calculate the current market price of the bonds we can use the yield to maturity formula:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
- YTM = 11%
- n = 15 years
- coupon = $130
- face value = $1,000
0.11 = {130 + [(1,000 - market value)/15]} / [1,000 + market value)/2]
0.11 x [1,000 + market value)/2] = 130 + [(1,000 - market value)/15]
0.11 x (500 + 0.5M) = 130 + 66.67 - 0.067M
55 + 0.055M = 196.67 - 0.067M
0.122M = 141.67
M = 141.67 / 0.122 = $1,161.23
