Answer:
B. core benefit
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
<em>Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation. </em>
Fixed interest rates and income-driven repayment plans. Hope it helps.
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer: D - Budget Estimate Submission (BES)
Explanation: Budget Estimate Submission (BES) is a proposal prepared for all available resources including funding, force structure and personnel strength over a five year period. The proposal is then submitted to the office of the secretary of defense for the inclusion in the department of defense Budget.
After which a Budget review is conducted by the Secretary of Defense with OMB participation, to review department/agency estimates of program costs. This budget takes care of:
1) Program Pricing
2) Program Executability
Answer:
Net Present Value (NPV) is 506
Explanation:
See document attached. To get the net present value, we make a cash flow in excel.
At moment 0 we have the investment cost , in this case $13,400. From period 1 to period 4, we have different incomes. Then, we calculate the Net cash flow that is the difference between benefits and cost.
To get net present value, we use VNA formula.
=VNA(required rate of return; Net cash flow from moment 1 to moment 4 )+Net cash flow at moment 0
