Answer:
The correct answer is letter "C": "Mission Statement".
Explanation:
A company's mission statement represents the objective that the firm must set. That objective must last and should be adaptable to the changes it could be exposed to. It clearly states the purpose of the company and why it exists and operates. The mission statement also identifies by whom the entity is formed and their respective functions.
managers can choose between three possible global ______, which range from selling the same product to introducing an entirely new product
Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.
Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.
Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions.
Answer:
Monthly payment: 460.41 dollars
Effective rate: 4.07%
Explanation:
we will calculate the PTM of an annuity of 25,000 over 5 year at 4%
PV $25,000.00
time 60
rate 0.003333333
C $ 460.413
Now we need to know the effective rate, which is the same as 4% compounding monthly:
![(1+0.04/12)^{60} = (1+ r_e)^{5}\\r_e = \sqrt[5]{(1+0.04/12)^{60}} - 1](https://tex.z-dn.net/?f=%281%2B0.04%2F12%29%5E%7B60%7D%20%3D%20%281%2B%20r_e%29%5E%7B5%7D%5C%5Cr_e%20%3D%20%5Csqrt%5B5%5D%7B%281%2B0.04%2F12%29%5E%7B60%7D%7D%20-%201)
effective rate = 0.040741543 = 4.07%
The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.
<h3>What is meant by the price of elasticity of demand?</h3>
The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.
Given values:
Change in water consumption (fall): 10%
Price elasticity of demand: 25%
Computation of percentage change in the price of water:
![\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%](https://tex.z-dn.net/?f=%5Crm%5C%20Change%20%5Crm%5C%20in%20%5Crm%5C%20price%20%5Crm%5C%20of%20%5Crm%5C%20water%3D%5Cfrac%7B%5Crm%5C%20Change%20%5Crm%5C%20in%20%5Crm%5C%20water%20%5Crm%5C%20consumption%7D%7B%5Crm%5C%20Price%20%5Crm%5C%20elasticity%20%5Crm%5C%20of%20%5Crm%5C%20demand%7D%20%5C%5C%5Crm%5C%20Change%20%5Crm%5C%20in%20%5Crm%5C%20price%20%5Crm%5C%20of%20%5Crm%5C%20water%3D%5Cfrac%7B10%5C%25%7D%7B25%5C%25%7D%20%5C%5C%5Crm%5C%20Change%20%5Crm%5C%20in%20%5Crm%5C%20price%20%5Crm%5C%20of%20%5Crm%5C%20water%3D40%5C%25)
Therefore, there is an increase in water price by 40%.
Learn more about the price elasticity of demand here:
brainly.com/question/15010897
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