<span>Firms utilize non price competition when they attempt to add value to their product by offering service after the sale, product demonstrations, or interactive customer Web sites. Non price competition refers to competing against your competitors when price is not the driving force. Standing out in a consumers mind based on the value your product has to offer over another is far more important than price competition. </span>
Answer:
$343,000
Explanation:
Given:
Annual income of Jim = $70,000
Amount of life insurance using Easy Method
According to the Easy Method of life insurance, a person has to take 70% of his annual income and multiply it with 7 to get a minimum amount of Life insurance for his family.
According to Easy method Jim's Life insurance amount is $343,000
Computation:
(Annual income)(70%)(7)
($70,000)(0.7)(7)
$343,000
Answer:
Accounting rate of return is = 27.37%
Explanation:
Accounting rate of return = (Average annual after-tax income ) / Average Book value of Equipment )
Accounting Rate of return = ($45731 / $167095) = 27.37%