Xerox had a monopoly on photocopiers for several years as the technology underlying the photocopier was protected by strong patents. As it served a universal need, this favorable position led Xerox to pursue a(n):

A product's _____ is most likely to influence the purchase decision of the consumers.

A. appearance B. cost C. size D. technology E. design

You have decided to endow a Chair in Finance at Whatsamatta University

How much money must you deposit into the endowment account today if the Chair pays $125,000 per year forever (first payment one year from today) and is invested at a rate that pays out 4.50% per year? A) $277,777.78 B) $2,902,777.78 C) $2,777,777.78 D) There is not enough information to answer this question.