You invest $1,000 at a variable rate of interest. Initially the rate is 4% compounded annually for the
first year, and the rate increases one-half of one percent annually for five years (year two's rate is
4.5%, year three's rate is 5.0%, etc.).
How much will you have in the account after five years?
A) $1,462 B) $1,359 C) $1,276 D) $1,338
C
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Entrepreneur Lara Kraft has developed pecan pie jam, apple pie jam, and cherry pie jam, which she is marketing under the name Pi-Full. Everyone who has tried the product loves it, but she is having trouble getting potential consumers to the desire stage of the AIDA concept. Which of the following elements of the promotion mix would be most likely to move people toward looking for the product and buying it?
a. a $1-off coupon for a 6-ounce jar of jam b. increasing the number of stores carrying Pi-Full c. flyers placed under windshield wipers in supermarket parking lots d. article in local newspaper about entrepreneurs
Which of the following, if true, strengthens the argument that TLS should change its organizational structure?
A) TLS values corporate social responsibility as well as profitability. B) New product offerings have been neglected as divisions have focused on traditional revenue sources. C) TLS division managers have focused on short-term revenue at the expense of developing profitable relationships with long-term customers. D) The markets TLS serves have different requirements in different geographic areas. E) The expected revenue of some of the regional divisions is higher than that of some of the other divisions.