By the term quarter, we mean to say that a year is to be divided in four equal parts. Each year has 12 months. Therefore, each quarter is only composed of 3 months. The rate of tripling the money in 36 months can also be expressed in its equivalent in 3 months.
3/36 = x /3
The value of 3 is equal to 9/36 or 1/4. Therefore, the money will grow by 0.25% every quarter.
Answer:
False
Explanation:
Creating a signature scent, choosing an original name and configuring thr shape of and look of the bottle are decisions made during the product conceptualization stage.
Before a product is finally available to consumers, the product goes through certain steps. These steps ranges from product development, product conceptualization, to launching, etc.
During the conceptualization stage, the name of a product, the form of the product as well as other appearance related works are the main objectives during the project conceptualization cycle.
I hope this helps.
Answer:
Experience
Explanation:
There are several characteristics of services which includes:
1. Intangibility:
2. Inseparability:
3. Perishability:
4. Heterogeneity:
5. Lack of ownership:
1. Intangibility: Services can be experienced but can not be seen, felt, heard, smelt or tasted.
2. Inseparability: Services such as haircut are usually inseparable from the receiver(consumer) while some services can be produced and delivered if the presence of the customer is optional such as plumbing, dry cleaning.
3. Perishability: Unlike goods, services cannot be stored for later use.
4. Lack of ownership: Consumers don't have ownership but can only pay to have access to the facility for a period of time. Such as payment to use a gymnastic center.
5. Heterogeneity: Quality of services differ from customers to customers and from time to time. No two amount of services will yield same level of satisfaction.
Answer:
Average rate of return= 10.17
%
Geometric return = 9.23%
Explanation:
<em>Geometric average return</em>
This is compounded annual rate of return which is used to measure the performance of an asset over a certain number of years. It helps to measure the return generated by an investment taking into account the volatility .
Unlike the arithmetic average the geometric average gives an idea of the real rate taking into account of volatility
The formula below
Geometric Return =(1+r1) (1+r2) ...... (1+rn)^1/n
Geometric Average return =
(1.12× 1.19× 1.21× 0.88× 1.26× 0.95)^(1/6) - 1 =0.09233168
Geometric return =0.0923
× 100= 9.23%
Geometric return = 9.23%
Average rate of return
<em>The average return is the sum of the returns over the years dividend by the Numbers of returns</em>
Average return = sum of return / No of returns
(12% + 19% + 21% + (12%) + 26% + (5%))/6 =10.17
%
Average rate of return= 10.17
%
Geometric return = 9.23%
