Examlex
If Scott earns a 12% after-tax rate of return, $15,000 today would be worth how much to Scott in 2 years? Future value of $1. (Round present and future value factor(s) to 5 decimal places.)
Small Company
A business with a limited number of employees and relatively low volume of sales compared to larger enterprises.
Porter's Generic Strategies
A framework developed by economist Michael Porter that outlines three potential strategies—cost leadership, differentiation, and focus—for achieving competitive advantage.
Focused Differentiation
A business strategy where a company targets a specific market segment with unique products or services that stand out from competitors.
Service Guarantee
A promise made to customers that a service will meet certain quality and satisfaction standards, often with an assurance of compensation for failure to meet these standards.
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