On the Internet You Find the Following Offers for Opening

question 100

Multiple Choice

On the Internet you find the following offers for opening an online account.Which of them is the best offer if you have $2,000 to save for two years?

• A)an interest rate of 5 percent,with the bank charging you a $15 processing fee at the time you open your account
• B)an interest rate of 3.5 percent,with the bank giving you a $35 bonus to open your account
• C)an interest rate of 4 percent,with the bank giving you a $20 bonus at the time you open your account
• D)an interest rate of 4.5 percent,with no processing fee and no bonus

Know the difference between various pricing orientations and strategies.

Grasp the relationship between pricing strategies and profit objectives.

Understand the impact of cost (supply and demand costs) on pricing decisions.

Realize the practical applications of pricing strategies in real-world scenarios.

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Definitions:

Enzyme

Biological molecules that act as catalysts to speed up chemical reactions in living organisms.

Graph

A diagram showing the relation between variable quantities, typically of two variables measured along a pair of lines at right angles.

Reactants

Materials that exist before a chemical reaction starts and are used up to create end products during the reaction.

Hydrogen Ion Acceptor

A hydrogen ion acceptor, often a base in chemical terms, is a compound that is capable of accepting a hydrogen ion (H+) from another compound, thus participating in neutralization or buffer reactions.