Explanation:
i=interest rate
X=current rate
2X = double current rate
n = number of years
Calculate time it takes to double at 3%:
2X = X(1+i)^n
simplify by cancelling out X
(1+i)^n = 2
substitute i = 3%
(1.03)^n =2
take log
n*log(1.03) = log(2)
n = log(2)/log(1.03) = 0.6931/0.02956 = 23.45 years
Similarly, for growth rate of 7%,
n = log(2)/log(1.07) = 0.6931 / 0.06766 = 10.24 years
So the difference is 23.45-10.24 = 13.21 years (to the hundredth) sooner
Complete Question:
An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:
Group of answer choices
A. residual owners.
B. shareholders.
C. financiers.
D. provisional partners.
E. stakeholders.
Answer:
E. stakeholders.
Explanation:
An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's stakeholders.
A stakeholder can be defined as an individual or group of people that has an interest or concern in a business firm and usually either affect or be affected by the business.
Generally, the key stakeholders of business firm are its employees, public groups, suppliers, investors, creditors, consumers or customers. The employees working in an organization are key internal stakeholders because they play a significant role, function and have both financial and time-based investments in the operations of the business.
Get-away represents lifestyle segmentation.
<h3>
What is lifestyle segmentation?</h3>
- Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
- These sub-groups are created using data from each and every consumer.
- These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
- One method of market segmentation is lifestyle segmentation.
- It is directly related to psychographic segmentation.
- The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
- The idea is to target one or more lifestyle categories with your marketing mix.
Therefore, Get-away represents lifestyle segmentation.
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In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.
The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.
The detail of these goals is given below:
- Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
- Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
- Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.
Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.
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