Sales promotions constitute the interpersonal arm of the promotional mix

The furniture store offers you no-money-down on a new set of living room furniture

Further, you may pay for the furniture in three equal annual end-of-the-year payments of $1,000 each with the first payment to be made one year from today. If the discount rate is 6%, what is the present value of the furniture payments? A) $3,183.60 B) $3,000.00 C) $2,833.39 D) $2,673.01

To promote creativity within an organization, managers should try to create an atmosphere in which ________

A) mistakes are not allowed B) people feel comfortable making mistakes C) risks are minimized D) mistakes are paid for with serious consequences