What Is the Maximum Price Genome Inc

question 18

Multiple Choice

What is the maximum price Genome Inc. can pay for a machine that is expected to produce marginal revenues of $20,000, $25,000, $30,000, $35,000, and $40,000 at the beginning of each year for five years if the interest rate is 10%?

• A) $100,111
• B) $110,122
• C) $113,724
• D) $121,137
• E) $150,000

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Definitions:

Customer Needs

The requirements or desires that consumers have which drive them to purchase products or services to fulfill these needs.

Listening Level

The degree or depth of attention one gives to a speaker; it can vary from passive hearing to active, engaged listening.

Active Listening

A communication technique used in sales and other contexts, involving fully concentrating, understanding, responding to, and remembering what is said.

Probing

The act of asking questions to gather more detailed information or clarify understanding.