Convincing consumers of the prestige associated with the product.
Prestige or image pricing is a branding and advertising method that uses top-class pricing to suggest superior fines.
In different phrases, an organization will set an intentionally excessive charge to draw potential clients interested by associating themselves with a luxurious emblem.
Examples of markets in which prestige pricing is used are watches, perfumes, and luxury cars.
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a(n) is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange, but does not take title to the goods. group of answer choices
An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
What are agent and broker?Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.
The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.
It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
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elect all that apply what are two main challenges that the bls faces when calculating the cpi? multiple select question. what price level to select for the base year. how to measure changes over time. what area of the country to include. which goods should be contained in the basket.
Two main challenges that the BLS faces when calculating the CPI is which goods should be contained in the basket, and how to measure changes over time.
Most CPI index series have a 1982 - 84 = 100 reference base.
By comparing the price of a set basket of commodities across time, the CPI calculates price changes. The basket is based on what a target population spent during a specific reference period. The index only reflects pure price because the basket contains goods with constant or equivalent quantity and quality.
The change in the basket's price reflects the rate of inflation experienced by consumers as a whole. The basket is a representation of consumer purchasing habits. In order to create a representative basket, the Bureau of Labor Statistics (BLS) in the US gathers the prices of about 94,000 products each month from a sample of commodities and services that was chosen scientifically.
The data is then weighted in accordance with consumer purchasing patterns taken from a second poll of roughly 36,000 people in a given year in order to ensure that price changes do not reflect advances in product quality.
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firms can greatly increase the likelihood of success if they carefully define their objectives and develop a plan for meeting those objectives. this activity is referred to as
If strategic planning clearly defines its goals and creates a plan to achieve those goals, it can considerably boost the likelihood of success.
Leaders of a company develop their future vision and determine their organization's goals and objectives through the process of strategic planning. Establishing the order in which these objectives should be accomplished can help the organisation attain its stated vision.
Upper-level management of a corporation must put a lot of thinking and planning into the strategic planning process. Executives may look at a wide range of choices before deciding on a course of action and then figuring out how to strategically implement it.
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jennifer bought a brand new treadmill on a credit plan at befit exercise equipment. befit will charge her 18% per year compounded monthly. if her monthly payments will be $200 for 3 years, how much was the original price of the treadmill?
The original price of the treadmill bought by Jennifer is $5532.13
Compounding interest on both the principal and the accrued interest is implied by the term "monthly compound interest," which refers to interest that is compounded each month. The principal amount times one plus the interest rate divided by a number of periods, raised to the power of the number of periods, is how monthly compounding is computed. The interest amount is calculated by deducting that sum from the principal amount.
Annual interest rate, i = 18% = 0.18
Period of payments, n = 3 years
Monthly payments, E = $200
The applicable formula is;
P = E [1-(1+i/12)^(-12n)]/[i/12]
Where;
P = Original price of the treadmill
Substituting;
P = 200[1-(1+0.18/12)^(-12*3)]/[0.18/12] = $5532.13
Therefore, the original price of the treadmill was $5532.13
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already the electronics retailer circuit city (appliance store) has filed for bankruptcy, and general motors has said that it is in danger or running out of cash. if the consumer slump continues, there is a potential for a dangerous feedback loop, in which spending cuts and layoffs reinforce each other. what terminology do economists use to refer to this phenomenon?
Economists describe this phenomenon using the multiplier process terminology. The multiplier process is created when the consumer slump results in further spending cuts and job losses.
The cycle is known as a multiplier process when an initial decline or rise in autonomous spending results in a greater decline or rise in aggregate spending.
The multiplier process is created when the consumer slump results in further spending cuts and job losses. A multiplier is a term used in multiplier process economics to refer broadly to an economic factor that, when increased or altered, affects a large number of other closely Economists related economic variables. The multiplier effect makes increases in total output greater than the change in spending that caused them in terms of gross domestic product.
Usually, when discussing the relationship between government spending and gross domestic product, the term multiplier is used. Additionally, Economists multipliers—also referred to as the deposit multiplier—are used to explain fractional reserve banking.
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what process involves deciding how to approach and plan the risk management activities for the project?
A risk management plan is the procedure' primary result. The process of identifying hazards is identifying the risks that are most likely to have an impact on a project and noting their specifics.
The process of identifying risk is identifying the risks that are most likely to have an impact on a project and noting their specifics. A risk registry, risk report, and project document updates are the process' primary outputs.
So in any business, risk management starts with 4 broader steps —
1. Identification of Risk
2. Risk Assessment
3. Risk Mitigation
4. Risk Control
You can approach or identify the risk with 2 options —
a. Brainstorming
b. SWOT
In a brainstorming session, you and the other team members sit down and discuss potential risks in order to come up with as many as you can. This choice will assist in considering the risk coming from various angles because numerous minds are involved.
SWOT — Strengths, Weakness, Opportunities & Threats
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a wholesale food retailer is offered $15.60 per two-layer carton for 5000 cartons of peaches. the wholesaler can buy peaches from their growers at $13.20 per carton. shipping costs $2.40 per carton, for the first 1000 cartons, and $1.90 per carton for every carton over that. will taking this opportunity increase the value of the wholesale food retailer?
A person who sells a lot of goods at lower prices is known as a wholesaler. Dealers and retailers typically receive supplies from wholesalers. The Walmart store is an illustration of one of the largest wholesalers in the world.
The wholesaler paid $78,000 for 5,000 peaches, which is equal to 5,000 times $15.60.
Wholesaling: What Is It?
The practice of purchasing goods in large quantities from a manufacturer at a discount and then selling them to a retailer at a higher price for them to repackage and then resell to consumers in smaller quantities at an even higher price is known as wholesaling.
What distinguishes a wholesaler?
Two possible business models are referred to as "wholesale. "It is possible for a company to purchase large quantities of goods directly from manufacturers, store them, and resell them. Or, businesses that produce their own goods and sell them directly to retailers, who then sell them to end users, could be referred to as wholesale.
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which of the following considerations is not a factor in deciding which forecasting model a firm should choose? multiple choice accuracy required data availability product analyst availability time horizon to forecast
When choosing a forecasting model, Option(b) product considerations should not be taken into account.
What are Products?The term "product" refers to anything you supply to customers to meet their needs or wants. They can either be physical or virtual. There are two types of physical products: durable goods (such as cars, furniture, and computers) and nondurable goods (such as food and beverages). A virtual product is a service or experience (such as education, software, or streaming services).
There are also hybrid products, which include both physical and virtual aspects (such as kitchen appliances with mobile apps). As traditional analog products incorporate digital technology as a means of reaching and serving consumers more effectively, hybrid products are becoming more common.
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due to a recession, expected inflation this year is only 4.75%. however, the inflation rate in year 2 and thereafter is expected to be constant at some level above 4.75%. assume that the expectations theory holds and the real risk-free rate (r*) is 3.5%. if the yield on 3-year treasury bonds equals the 1-year yield plus 1.0%, what inflation rate is expected after year 1? round your answer to two decimal places.
After the first year, inflation is predicted to reach 7%. if the 3-year Treasury bond yield is the same as the 1-year yield plus 1.0%.
The term "inflation" refers to a rise in prices, which over time results in a inflation loss of purchasing power. The average price increase of a basket of chosen goods and services over time can be used to determine the rate at which purchasing power is decreasing. A unit of currency now effectively has less purchasing power than it did inflation in earlier periods due to the increase in prices, which is frequently expressed as a percentage. Deflation, on the other hand, is Treasury bond characterized by a drop in prices and an increase in purchasing power.
Return on 3 year bond = Real Risk Free Rate + Inflation Premium + 1.50% Treasury bond (given)
= 3.50% + 4.75% + 1.50%
= 9.75%
Inflation Premium = Return on 3 year bond - Real risk Free return
= 9.75% - 3.50%
= 6.25%
Inflation Rate after year 1 = ((Inflation Premium*3 years) - year 1 inflation Rate) / 2
= ((6.25% * 3) - 4.75%) / 2
= (18.75% - 4.75%) / 2
= 14% / 2
= 7%
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a job was budgeted to require 4 hours of labor per unit at $12.00 per hour. the job consisted of 6,400 units and was completed in 24,600 hours at a total labor cost of $312,900. what is the total direct labor variance?
The total direct labor variance is $5700 unfavorable.
Given in the Question:
Time = 4 hours
Cost of labor = $12.00
Number of units = 6,400
Total actual labor cost = $312,900.
We will use the formula of total direct labor variance:
Total labor cost variance = Standard labor cost - Actual labor cost
Firstly, we will find the Standard labor cost:
Standard labor cost = 6,400 × 4 × $12.00 = $307,200
Total labor cost variance = Standard labor cost - Actual labor cost
Total labor cost variance = $307,200 - $312,900
Total labor cost variance = -$5,700
Here, negative sign represents the unfavorable amount.
The total direct labor cost variance is $5700 unfavorable.
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What will your credit score NOT tell the bank?
A: If you are responsible with your money
B: Your available credit limit
C: If you pay bills on time
D: The specific things you purchase
The thing that your credit score will NOT tell the bank is: A: If you are responsible with your money.
What is credit score?Credit score can be defined as the score that help to show if a borrower will always pay the amount they borrowed from a lender on time.
A person with high credit score will have the tendency of paying back the amount loan to them on them compare to the person that have a low credit score. A high credit score can tend to give a borrower more advantage over someone with low credit score based on the fact that lender will loan the person because they knows that the person will payback the loan amount within a stipulated period of time.
Credit score can not tell the bank whether you are responsible with your money or not.
Therefore we can conclude that credit score help lender to know the credit worthiness of a borrower.
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Why do you think some individuals place more trust in alternative banking services?.
Because, for instance, Wells Fargo has been involved in scandals. People may be placing more trust in alternative banking services because other, better-known businesses aren’t as trustworthy with customers’ money.
They might also be indigent. Due to the fact that they especially cannot risk anything happening to their money. Also because many new banking options are emerging, offering more inventive ways to handle and secure money.Financial institutions usually charge fees, require a minimum deposit, and need additional up-front costs, which significantly raise entry barriers for people who don’t always have a lot of money. This is accurate despite the fact that alternative services ultimately cost more.Unbanked people are those who do not have a savings or checking account with a bank or credit union. People who lack access to traditional banking services, such as loans and credit cards, as well as savings and checking accounts, are considered unbanked.Due to the strong personal connections alternative financial services have with the individuals and communities they serve, low income people and the communities they serve feel trustworthy and secure.
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you live in a no fault insurance state. another driver damages your car in a parking lot ,but doesn't leave their contact information. true or false. your insurance will cover the damages to your car.
You live in a NO FAULT insurance state. Another driver damages the car in a parking lot, but does not leave their contact information. Your insurance will cover the damages to your car - True
What are the 4 types of insurance?
The four types of insurance that financial experts recommend includes:
LifeHealthAutoLong-term disabilityWhat is insurance and its types?
Insurance helps to protect the insured person or their family against financial loss. There are many types of insurance policies. Life, health, homeowners.
What is the importance of insurance?
Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk/losses: Insurance plans will help you pay for medical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.
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an advantage to collecting data with personal interviews is: group of answer choices it is cheap it can be done quickly it is easy to identify appropriate respondents more complicated issues can be examined
Sensitive topics are those that individuals often find awkward to discuss (like harassment, addictions, violence).
Numerous studies on the subject have demonstrated that people may conceal certain aspects of themselves when being interviewed in order to make a good impression on the interviewer. As a result, the information gleaned in this manner is not always accurate.It can be challenging for people to discuss sensitive topics, especially with a complete stranger (like a researcher). Therefore, it is advised not bringing up sensitive subjects during interviews; instead, use self-administered questionnaires where the respondent is not required to speak with anyone.A questionnaire is not advised when dealing with complex issues since it can leave the researcher with insufficient data, and because the subject is complex, the researcher may wish to be there to clarify respondents’ responses. Therefore, it is preferable to employ interviews for complex situations.
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Pretend the first quarter statistics of 2022 show the US economy has an increase in inflation of 8.4%. In the first quarter, GDP has increased by 4.2% annual rate, and the unemployment rate is falling and hit 3.5%. As an economic advisor to the Federal Reserve, what advice would you give to Jerome Powell with regards to the tools of monetary policy. Write a paragraph explaining your recommendations, describing how three of the four tools (your choice which ones you use) will work to change aggregate demand and affect the other economic indicators listed above. Be sure to describe what needs to be done with each tool and the outcome it will produce.
There are a few important economic elements that can affect aggregate demand. Decisions made by consumers and businesses will be impacted by rising or lowering interest rates. A rise in household wealth boosts overall demand, while a loss typically results in a decrease.
What aggregate demand impact to the economic indicators?There are a few significant economic elements that can impact aggregate demand. Consumer and corporate decisions will be impacted by rising or lowering interest rates. A rise in household wealth boosts overall demand, while a loss typically results in a decrease.
Therefore, The changes along the aggregate demand curve are mostly caused by price. The actual money supply shrinks as the price level rises, which forces an increase in interest rates.
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companies that ask new hires to do on-the-job training, or shadowing current sales reps, intend for the new hires to:
Job shadowing is a kind of on-the-job employee job training in which a new employee or an employee wishing to become familiar with a different job, abides and sees a trained and experienced employee. Job shadowing is a productive form of job training for some jobs.
Job shadowing lets a student, employee, or intern obtain comprehensive knowledge about what an employee who holds a specific job does every day. Job shadowing gives a more affluent experience than reading a job description or performing an informational interview through which an employee report their work.
Job shadowing assists the observer to see and realize the subtle distinction of a particular job. The job-shadowing employee is able to see how the employee does the job.
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why does it make intuitive sense that the slope of the yield curve is considered a leading economic indicator
A yield curve is a line that shows the connection between the amount of interest a bond pays and when it matures. The line serves as a fantastic leading economic indicator because it predicts if a bond will have a favorable or negative impact on the economy.
Define a leading indicator.A leading indicator is a variable that alters before the economy experiences any cyclical changes. A piece of data or a group of facts related to the economy that may predict future movement or change in the economy is known as a leading indicator.
Future events and trends in business, markets, and the economy can be predicted and projected with the use of economic leading indicators. In other words, the lagging indicator only gauges the goal, whereas the leading indicator forecasts the possibility of reaching it.
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a series of steps undertaken to achieve a desired outcome or goal for an organization is called .
A process is a series of steps undertaken to achieve a desired outcome or goal. Those processes must productive and have better control.
What is process in organization ?A likely solution is provided by processes. They can be thought of as groups of tasks and activities that, collectively and exclusively, transform inputs into outputs. These inputs and outputs can vary within businesses just as much as resources, data, and personnel can.Numerous process theories have been discussed throughout the years in academic literature, but this has rarely been done in a methodical or comprehensive way. In organisational theory, strategic management, and other fields, process theories.The few scholarly attempts to address processes as a collective phenomena have either concentrated on a specific form of process theory or have been narrowly focused theoretical or methodological assertions.To learn more about process in organization refer :
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true or false: although most appraisal assignments involve the valuation of properties with improvement (buildings) on the land, appraisers often must separately value the land.
Although most appraisal assignments involve the valuation of properties with improvements (buildings) on the land, appraisers often must separately value the land. This is a correct statement.
In the context of real estate appraisal assignment refers to an engagement for which a party or individual is retained to act, or would be perceived by the public as acting, as a disinterested entity in rendering an unbiased supportable appraisal. In the appraisal assignments process when the valuation of properties is made, the appraisers must separately value the land with building or construction on it.
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digital report recording is becoming more popular nationwide, because it can be more efficient and less costly than old-fashioned tape recording. what is one major problem with digital report recording?
The accuracy of dictation software in recognizing spoken words is not 100%.
Which qualities are essential to being an effective investigator?Emotionally well-balanced, detached, inquisitive, suspicious, discerning, self-disciplined, and persistent investigators are effective.
What are the two factors that influence a digital recording's quality?Two aspects influence the resolution and quality of digitized audio: the bit-depth used to record each measurement and the sample rate, which is the number of times per second the wave's amplitude is measured. Kilohertz (kHz) is the measurement or description of amplitude.
What are the most common issues with digital evidence?Risks of Data Breach, Fraud, and Cyber Attacks Digital evidence collection is typically simple. The tricky part is keeping it safe from tampering, cyberattacks, and data breaches.
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which statement is true of gray markets? multiple choice firms find it easy to track exactly how much of their products sell in the gray market. gray market exchanges have become more difficult than ever. gray markets raise the prices that customers must pay for goods. gray market goods can be a boon for consumers. gray markets have helped to shift the balance of power from customers to companies.
Gray market products might be advantageous for buyers is the true statement.
An unregulated market for financial securities is known as a gray market. When a stock that has been halted from trading trades off the market or when new securities are purchased and sold before official trading begins, this is known as gray (or "grey") market trading. Because it is a "when issued" market, the gray market enables the issuer and underwriters to evaluate demand for a new offering (i.e., it trades securities that will be offered in the very near future). Although it is an unauthorized business, the gray market is lawful.
The import and selling of items by unlicensed dealers is another form of "gray market" activity, which is unofficial but not unlawful.
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mackenzie company sold $480 of merchandise to a customer who used a regional bank credit card. regional bank charges a 4.0% fee for sales on its credit cards. the journal entry to record this sales transaction would be:
If regional bank charges a 4.0% fee for sales on its credit cards. the journal entry to record this sales transaction would be: Debit Cash $460.80, Debit Credit Card Expense $$19.20, Credit Sales $480
How to prepare journal entry?If the company sold merchandise of the amount of $480 to customer in which the bank charges 4%. The appropriate journal entry to record this transaction is:
Debit Cash $460.80
Debit Credit Card Expense $$19.20
($480 × 4%)
Credit Sales $480
(To record credit card expense)
Therefore the entry is to debit cash, debit credit card and credit sales.
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the table above shows the amount of labor required to produce a unit of corn and a unit of shoes in brazil and spain. if both countries have equal numbers of workers, what pattern of international trade between brazil and spain is most likely to emerge?
Brazil will export corn and import shoes.
The production possibilities curve is concave to the foundation to show the growing opportunity value while generating a given commodity through the use of a given aggregate of inputs, including exertions and capital.
The shape of a PPF is normally drawn as concave to the foundation to represent growing opportunity cost with an expanded output of a very good.
For this reason, MRT will increase in absolute length as one action from the top left of the PPF to the bottom right of the PPF.
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what are some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company? multiple select question. to encourage competition between internal and external stakeholders. a request for proposal (rfp) can be used to take a concept and ask an outside company to develop the project. good ideas are not limited to just upper management.
One of the main advantages of asking for project proposals from stakeholders across the organization, and possibly from outside the company, is that good ideas are not exclusive to high management.
How would you define management?Management is the process of carrying out the work or activity required to achieve an organization's objectives in an effective and efficient manner. The management functions are implied by the process. Planning, organizing, staffing, directing, and managing are therefore involved.
What role does management play?A manager's job is to give all efforts to achieving organizational objectives general direction and guidance. Increasing effectiveness: Management aids in boosting the effectiveness of the company by
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A sales representative sells products from two competing companies without disclosing to either company. Which agent duty owed to a principal applies to this situation?.
A sales representative sells products from two competing companies without disclosing to either company. The correct answer is a conflict of interest.
A conflict of interest happens once somebody's or entity's unconditional interests raise a matter of whether or not their actions, judgment, and/or decision-making. A conflict of interest exists once 2 or additional contradictory interests relate to employee activity by a private or an establishment.
A conflict of interest arises once what's in a person's best interest isn't in another person's or organization's best interest.
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a business strategy that integrates the functions of sales, marketing, and customer service, using technology and massive databases of information is called
A business strategy that integrates the functions of sales, marketing, and customer service, using technology and massive databases of information is known as customer relationship management.
A program known as customer relationship management is used to handle all interactions and relationships among your company's clients (CRM). Establishing commercial ties can help your company expand, and that is the only objective. CRM tools enable businesses to improve profitability, manage operations, and stay in touch with their consumers.
A CRM system offers everyone a better approach to managing the external connections and relationships that are essential to success, regardless of whether they work in sales, customer service, business development, recruiting, marketing, or any other area of the firm.
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what is the equity beta for a firm with asset beta equal to 0.8, and d/e ratio of 0.3, and tax rate equal to 40%?
The equity beta for a firm with an asset beta equal to 0.8, and d/e ratio of 0.3, and a tax rate equal to 40% is 0.944
Equity beta=Asset beta [1+(1-tax rate) ×Debt-equity ratio]
=0.8[1+(1-0.4) ×0.3]
=0.8×1.18
=0.944
Equity Beta quantifies a stock's market volatility, or how susceptible its price is to shifts in the general market. It contrasts the volatility connected to a security's price fluctuation. Leveraged beta, or an equity beta of a company with financial leverage, is a term that is frequently used to describe this type of beta.
Beta is an idea that measures the anticipated circulation in an inventory relative to actions in the typical market. A beta greater than 1. zero shows that the stock is more volatile than the wider market, and a beta less than 1. zero suggests a stock with lower volatility.
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6. (2pts) apocalyptica corporation is expected to pay the following dividends over the next 4 years: $1, $2, $3, and $4. afterwards, the company pledges to maintain a constant 5% growth rate in dividends, forever. if the annual required return on the stock is 10%, what is the current share price?
The current share price is $30.66
Dividend for year 5 = $4 * 1.05 = 4.2
Value of dividend at the end of year 4 for 5th year & onward =Dividend for 5th year/(discount rate - growth rate)
= 4.2 / (0.15-0.05)
= $42
PV factor = 1 / 1.15^a
Where a = Year
PV of cash flow (d) = b*c
Where b = Cash flow
Share price = sum of all PV of cash flow (d)
Share price would be present value of annual dividend
A share price is the price of a single share of a company's saleable equity shares. In layman's terms, the share price is the highest amount of money someone is willing to pay for the stock, or the lowest amount for which it can be purchased.
Analysts in economics and financial theory use random walk techniques to model the behavior of asset prices. This is the assumption that investors act rationally and objectively, and that they value an asset based on future expectations. Under these conditions, all existing information influences the price, which only changes when new information becomes available.
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elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
The type of marketing channel that Elena uses when she sells her own made purses to customers is D. direct.
In the field of business, a direct marketing channel can be described as a process in which the products made by a producer are sold directly to customers without an intermediate salesperson or company in between.
A producer directly deals with his customers instead of relying on an intermediate source and handing over the products to them.
The direct marketing channel is effective in the case of small businesses where the customers are lesser and can easily be handled by the producers. Elena uses the direct marketing channel when she sells her purses directly to customers at craft fairs.
Although a part of your question is missing, you might be referring to this question:
Elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
A. indirect
B. vertical
C. horizontal
D. direct
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An arbitration case dealing with a dispute between a customer and a member firm in the amount of $72,000 will be heard byA)one arbitrator, unless FINRA determines three is more appropriate.B)three arbitrators, the majority of whom must be public.C)three arbitrators, all of whom must be public.D)one arbitrator, unless both parties agree to three.
Option D. An arbitration case dealing with a dispute between a customer and a member firm in the amount of $72,000 will be heard by one arbitrator, unless both parties agree to three.
What is meant by arbitration?By agreement of the parties, a dispute is presented to one or more arbitrators through the arbitration process, who then render an official ruling on the matter. Instead of going to court, the parties choose arbitration as a private conflict settlement process.
a procedure wherein a neutral third party renders an official judgment that resolves a legal dispute without the need for a trial: In commercial disputes, arbitration is frequently favoured by businesses. Arbitration that is required or binds.
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