How much must I invest today in order to have $25,000 in 5 years assuming 12% interest compounded annually?

Which of the following describes a situation when skimming should be used?

A) when experience or scale effects lead to a favorable volume—cost relationship B) when there is a strong price—perceived quality relationship C) when a large segment of the customer base is price-sensitive D) when the company wants to build significant market share

Sales promotions in markets of high brand similarity can produce a high sales response in the short run but little permanent gain in brand preference over the longer term

Indicate whether the statement is true or false