The long-run monetary benefits of doing business in a country are a function of the size of the market, the present wealth of consumers in that market, and the likely future wealth of consumers.
a. true
b. false
Answer: a. true
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______________ is the level of personal, social or economic significance that the purchase holds for a consumer.
Fill in the blank(s) with the appropriate word(s).
You have established a $150 million credit line with a bank on July 1. Terms are 5% for any amount borrowed and a half percent for the amount of the line undrawn. All payments are made at the end of each quarter. Suppose you borrow $10 million at the outset and another $50 million October 1. What will your payments to the bank be at the end of the year (ignore day-counts)?
a) 0.05 x 50,000,000 + 0.005 x 100,000,000 b) (0.05 x 50,000,000 + 0.005 x 100,000,000) / 4 c) 0.05 x 60,000,000 + 0.005 x 90,000,000 d) 0.055 x 60,000,000 + 0.005 x 90,000,000 e) (0.05 x 60,000,000 + 0.005 x 90,000,000) / 4 f) (0.05 x 50,000,000 + 0.005 x 100,000,000) / 4