Answer:
$788.35
Explanation:
For computing the fair present value we need to apply the present value formula which is to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 14% ÷ 4 = 3.5%
NPER = 4 years × 4 = 16 years
PMT = $1,000 × 7% ÷ 4 = $17.5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the formula, the fair present value is $788.35
Answer:
The principles of management are same.
Explanation:
Whatever industry the company is operating in, the way the company is managed is the same regardless the size, industry and motive of the company.
Answer:
Showcase stores are stores that display their products in a way that makes it easy for customers to determine what products are available.
Explanation:
Department stores are large stores with various assorted products and they adopt different approaches for selling their products to customers which include retail branding and showcase stores.
In a showcase store, <u>a variety of products available in the store are displayed for customers to see</u>, so they know what the store has available. These products that are showcased are not actually the ones sold.
The retail branding approach involves a large department store owning or controlling several <u>smaller retail outlets with unique brands through which it sells its specific products.</u>
<u>A well branded retail outlet connects better with target customers </u>and provides a more attractive option when they have to choose between competing brands.