An investment today of $8,424 at 6% will yield total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year
Indicate whether the statement is true or false
TRUE .PV = Payment x PVA factor (i = 6%, n = 5 )
= $2,000 x 4.212
= $8,424
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________________ - cooperative agreements between potential or actual competitors (Ex: formal joint ventures and short term contractual arrangements)
Fill in the blank(s) with the appropriate word(s).
Which of the following efforts is used by progressive marketers to improve the quality of the prospecting process?
A) Shorten the sales cycle by quickly determining which new prospects are qualified. B) Reduce the number of prospects who board the "Ferris wheel." C) Avoid the temptation of developing quality standards, which disrupts the prospect flow. D) Increase the use of telemarketing efforts to identify likely prospects. E) Make more cold calls to increase the volume and quality of prospects in the pipeline.