The following are the sales achieved by Jensen Fabrics during the last 7 years:
2007 $116,000
2008 124,000
2009 127,000
2010 146,000
2011 155,000
2012 154,000
2013 162,000
Using the compound growth rate calculation, what would be your estimate for sales in 2014?
$171,200 (growth rate is 5.7%)
Economics
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Competitive price-taker markets are characterized by
a. firms that all produce the same product. b. a small number of firms in the market. c. firms that are large relative to the size of the market. d. widespread use of advertising as a competitive weapon.
Economics
If a firm produces an experience good, its mode of advertising will be
A) persuasive advertising. B) direct advertising. C) not to advertise. D) none of the above.
Economics