Answer:
APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.
Explanation:
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Answer:
synthesis of chemical compounds with the aid of radiant energy and especially light especially : formation of carbohydrates from carbon dioxide and a source of hydrogen (such as water) in the chlorophyll-containing cells (as of green plants) exposed to light.
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Answer:
In both cases, the correct answer is the option 2: high price and low quantity.
Explanation:
First of all, if the company has the ability to choose the price and quantity of the goods that it produces then it always should prefer to charge the higher price as possible with the lowest quantities of the goods.
Secondly, in the first case, where the consumers have a relatively flat, linear demand curve then it does not matter how much the company charges the good due to the fact that the consumer will always demand the same quantity and therefore if the price if high the amount is the same if the price is low because the demand curve is flat.
Finally, in the second case, where the consumers have a relatively steep, linear demand curve then if the price is high the quantity will be low and if the price is low the quantity will be high, therefore that the company should choose to charge a high price and for instance the quantity will be low due to the fact that the demand curve is steep.
Managing quality helps build successful strategies of "differentiation, low cost and response".
<u>Answer:</u> Option C
<u>Explanation:</u>
The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.
In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.
