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Blastkrieg, a chain of audio equipment stores, uses computerized inventory control and customer self- service to eliminate the category of sales clerks from its force of employees. After diversifying into computer electronics, it now plans to employ the same concept in selling desktop PCs and laptops. Which of the following is an assumption made in Blastkrieg's strategy?
Simple Interest
A method of calculating interest where the charge is based on the original principal amount alone, without compounding.
Interest
Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.
Rate Of Interest
The percentage of principal charged by the lender for the use of its money.
Equivalent
Equal in value, amount, function, meaning, or the like.
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