In the context of a business where products and services are offered to customers, demand is created by the customers.
This is further explained below.
<h3>What are
customers?</h3>
Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.
In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.
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Answer:
Interest per week=17.4%
Explanation:
Using equation
F=P(1+i)^n
where n is the time period,P is the present value and F is the future value
Given F=550,P=42 and n=16 solving equation we will get
i=17.4%
Answer:
a shortage would arise since quantity demanded would exceed the quantity supplied
Explanation:
The law of demand states an inverse relationship between price of a good and it's demand.
In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.
Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.
Explanation:
The advertising strategy before the internet was carried out on platforms such as radio, television and newspapers, which were the media that people most had access to. Currently, the internet is the main platform for advertising and interaction between companies and consumers. This is due to the ease and speed with which the flow of the internet happens, the messages are seen almost instantly and available in the palm of the hand, available from a smarthphone.
However, despite the ease of implementing marketing through social media, it is necessary for companies to adopt an advertising engagement strategy, the narrative must be summarized and contain essential traits that convey who the company is and what it wants to pass on to consumers , generating value and direct communication, making the message different and striking in a medium where there is different information every second.
Answer: $4.34
Explanation:
The net income for diluted earnings per share will be calculated as:
Net income: $2,500,000
Less: preferred dividend: $300,000
= $2,200,000
To calculate the number of shares goes thus:
Total shares of stock options = 10,000 × 20 = 200,000 shares
Proceeds = 200,000 × $29
= $580,000
Shares of treasury stock will be:
= $580,000/$30
= 193,333 shares
Net shares added will be:
= 200000 - 193333
= 6667
Tge total shares for the diluted earnings per share will now be:
= 500,000 + 6667
= 506,667
The diluted earnings per share:
= $2,200,000/506667
= $4.34