In 1958 the Average Tuition for One Year at a Private

question 29

Multiple Choice

In 1958 the average tuition for one year at a private school was R1,800.Thirty years later, in 1988, the average cost was R13,700.What was the growth rate in tuition over the 30-year period?

• A) 12%
• B) 9%
• C) 6%
• D) 7%
• E) 8%

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Definitions:

High-profitability

Refers to the ability of a business or investment to generate earnings significantly above its costs and expenses.

High-loyalty

A customer's strong allegiance or attachment to a brand, product, or company, often reflected in repeat business and positive word-of-mouth.

Communication Investments

The allocation of resources towards marketing communication channels aiming to promote a brand or product.

Loss-leaders

Products sold at a loss to attract customers to a store where they are likely to purchase other items at a profit for the retailer.