The annual interest rate is 195.1%.
<h3>What is interest rate?</h3>
Interest rate is the cost of borrowing. It is the amount the borrower pays the lender for the use of the lender's funds. Interest rate increases the amount borrowed by the interest rate.
<h3>What is the annual interest rate?</h3>
Annual interest rate = (1 + biweekly interest rate) ^number of compounding - 1
Number of compounding = 52 / 2 = 26
(1.0425)^26 - 1 = 195.1%
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Answer:
b. confirmation
Explanation:
In the confirmation step of the adoption process, a consumer begins to give the product a mental trial by applying it to his or her personal situation.
Answer: allows a firm to reap the competitive advantage benefits of skills transfer, lower costs (due to economies of scope), cross-business use of a powerful brand name, and/or cross-business collaboration in creating stronger competitive capabilities.
Explanation:
Related diversification is when an organization expands its business by producing products which are similar to what it currently produces. In related diversification, there's identical product lines. An example is a computer manufacturer producing calculators.
Organizations that go into related diversification enjoys lower costs and competitive advantage over their counterparts.