A promissory note is a promise to pay someone back, it can best be described as a loan.
An Individual who begins, manages, and bears the risks of a business
Answer:
$18.33
Explanation:
Given that
Expected dividend pay in next year = $2.20
Required rate of return = 12%
The formula and the computation of the value of a stock are shown below:
Value of a stock = Expected dividend pay in next year ÷ required rate of return
= $2.20 ÷ 12%
= $18.33
Simply dividing the Expected dividend pay in next year by the required rate of return to get the value of a stock.
Cannibalization occurs when a producer offers a new product that takes sales away from its existing products: TRUE
<h3>
What is cannibalization?</h3>
- Cannibalization in marketing strategy refers to a decrease in sales volume, sales revenue, or market share of one product when the same company releases a new one.
- Cannibalization occurs when a manufacturer introduces a new product that competes with its existing items.
- Market cannibalization occurs when a corporation introduces a new product that replaces one of its existing ones.
- When a new product is identical to an old one and both share the same client base, market cannibalization occurs.
Therefore, the statement "cannibalization occurs when a producer offers a new product that takes sales away from its existing products" is TRUE.
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The correct question is given below:
Cannibalization occurs when a producer offers a new product that takes sales away from its existing products. TRUE or FALSE
