What is the purpose of a Target Retirement fund and who would benefit from it?
What will be an ideal response?
Answer: A target retirement fund is designed to make sure that an individual is properly diversified based on how much longer they have until retirement. A younger person's fund would have a greater percentage of common stocks verses bonds because they have enough time remaining to be exposed to more risk. As a person nears retirement age, the fund's managers automatically change the make-up of the investments in the fund to more conservative, less volatile investments more appropriate for someone needing their money fairly soon.
These types of funds are ideal for the average person who does not have the time, expertise or desire to put in the effort necessary to manage their own monies. With these funds, a person just states what year they plan on retiring and then set up automatic payments and everything else is decided by professional investment managers.
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Selling is not the most important part of marketing. Explain why not
What will be an ideal response?
The bundle of costs customers expect to incur in evaluating, obtaining, using, and disposing of a market offering is called the ________
A) activity-based cost B) customer profitability analysis C) total customer cost D) product life-cycle cost E) direct product profitability