Using the Rule of 72, How Long Will It Take

question 77

Multiple Choice

Using the Rule of 72, how long will it take something growing at 6% per year to double

• A)100 years.
• B)72 years.
• C)12 years.
• D)432 years.

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Definitions:

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to customers.

Consumer Buying Process

The stages a consumer goes through when deciding to purchase a product, typically including need recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.

Situational Influences

Factors present in a specific situation that can affect consumers' purchasing behavior, including physical environment, social environment, and time.