Firms are finding it hard to maintain their profits and market share because of lack of resources
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
As U.S. population growth slows, global competition increases, costs rise, and available resources tighten, firms find that they must work harder to maintain their profits and market share.
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Indicate whether the statement is true or false
Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for an endowment which would provide the World Wide Hunger Fund with $3,000,000 per year into perpetuity
The endowment will be given at the end of the fifth year. The rate of interest is expected to be 9 percent in all future periods. How much must Entertainer's Aid deposit each year to accumulate to the required amount? A) $5,569,749 B) $3,333,333 C) $1,830,275 D) $8,568,980