If the Present Value of $600, Expected One Year from Today

question 32

Multiple Choice

If the present value of $600, expected one year from today, is $400, what is the one-year discount rate?

• A)15 percent
• B)20 percent
• C)25 percent
• D)50 percent

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Definitions:

Exclusive Distribution

The awarding by a manufacturer to an intermediary of the sole right to sell a product in a defined geographic territory.

Promotion Mix

A combination of promotional tools used by a business to achieve its marketing objectives, including advertising, sales promotion, public relations, personal selling, and direct marketing.