When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.
Answer:
The correct answer is E
Explanation:
The interest rate is defined as the rate of percentage which is charged on the loan or which is paid on the savings. It is the reward for lending as well as the cost of borrowing.
When the interest rate rises or increases, then everyone tend to borrow more amount of money and the high demand of the credit states that the people are willing to pay more for the same.
So, the situation which would increase the interest rate in the economy is when the corporations set up for the expansion plans and increase the demand for the capital.
Answer: b. 36 years under scenario A, versus 18 years under scenario B.
Explanation:
The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.
The time is calculated by dividing 72 by the interest rate in question.
Scenario A
= 72/2
= 36 years.
Scenario B
= 72/4
= 18 years.
They're the opposite of perishable goods.
Meaning, that durable goods can be left on the shelf for a while, and don't need to be imediately consumed.
Hope this helps!
