A market product growth strategy focuses on increasing sales of the firm's current products to its current target markets.
A product growth strategy increases sales looking all the prospects of the department rather than focus on only one department of the firm. It develops the firms production process in all aspects.
The strategy is made and planned according to the current market conditions to achieve its desired targets and get the maximum profit out of the production process that is taking place in the firm which in turn increase sales of the firm by increasing consumers demand.
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Answer:
2.18%
Explanation:
Effective interest rate = (1+i/m)^n - 1
i is stated as interest rate
m is the compounding frequency
Here, the compounding is quarterly and the effective interest rate is 8%
Since one year is equal to 4 quarter, the value of m is equals to 4
Effective interest rate = (1 + i/4)^4 - 1
9% = (1 + i/4)^4 - 1
0.09 + 1 = (1 + i/4)^4
(1.09)^1/4 = 1 + i/4
1 + i/4 = 1.02178
i/4 = 1.02178 - 1
i/4 = 0.2178
i/4 = 2.18%
Answer:
Option (B) is correct.
Explanation:
Given that,
Required reserve ratio = 15 percent
Bonds sell to public = $25.5 million
Bank reserves decreases by $25.5 million because of the purchasing of bonds from the Fed.
Money multiplier:
= 1/Required reserve ratio
= 1/0.15
= 6.67
Therefore, the money supply decreases by:
= Money multiplier × $25.5 million
= 6.67 × $25.5 million
= $170 million
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I would say B starchy vegetables