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My name is Ann [436]
3 years ago
11

Suppose you've just inherited $66,000 from your rich Aunt. You're trying to decide whether to keep the $66,000 in cash so that y

ou can use it for transactions or to deposit the entire amount in a savings account for one year. Suppose that the interest rate on a savings account is 2.5% per year. What would be the opportunity cost of holding the $66,000 as money
Business
1 answer:
Flauer [41]3 years ago
3 0

Answer:

Opportunity cost of holding the money = $1.650

Explanation:

Opportunity cost is the value of the next best alternative sacrificed in favour of a decision.

The opportunity cost of holding the money is the interest on deposit that would be have been earned should it be invested at the savings rate.

Interest on savings deposit = interest rate × deposit

                                         = 2.5%× 66,000= $1,650

Opportunity cost of holding the money = $1.650

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Which product-market combination has the greatest potential?
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It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.

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Therefore, in this case, the fashion items for the younger segment have more potential.

In conclusion, the correct option is B.

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2 years ago
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3 years ago
What should you do with your paycheck stub? Send it to the IRS. Give it back to your employer. Save it for your records.
Oksanka [162]
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3 years ago
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Michael is in sales meeting with a potential client. The client is interested in the product but is concerned that the product c
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Complete Question :

Michael is in sales meeting with a potential client. The client is interested in the

product but is concerned that the product costs 15% more than the competitor's.

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B.) Ask the client how much he or she would be willing to pay for the product.

C.) Show the client the better warranty and quality that comes with the slightly

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D.) Say "Thanks for your time" and leave

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Explanation: The fact that Michael's product costs 15% more than the price of it's competitor doesn't spell the end of the deal. What Michael needs to explain and make clear to the client in the sales meeting are the vague distinctions which exists between what his own product offering and that of it's competitors. Michael needs to let the potential buyers understand and get clearly the additional offers, quality or performance associated with his own product which ultimately accounts for the higher cost of his own product.

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