The experiential learning model begins with

When companies search for new ways to satisfy customers and distinguish their offering from others, they look at the ________ product, which encompasses all the possible augmentations and transformations of the product

A) consumption B) expected C) potential D) augmented E) basic

The Boyles Ceramics, Inc established a line of credit with a local bank. The maximum amount that

can be borrowed under the terms of the agreement is $1,000,000 at an annual rate of 8 percent. A compensating balance averaging 25 percent of the amount borrowed is required. Prior to the agreement, Boyles had no deposit with the bank. Shortly after signing the agreement, Boyles needed $240,000 to pay off a note that was due. It borrowed the $240,000 from the bank by drawing on the line of credit. What is the effective annual cost of credit? A) 8.85% B) 12.50% C) 11.11% D) 10.67%