When a product or service is new to the market, its pricing should reflect prices of indirect

competitors, not direct competitors.

Indicate whether the statement is true or false


TRUE

Business

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Calculate the annual percentage rate for the following installment loan using the APR formula, rounding dollars to the nearest cent and percents to the nearest hundredth. Amount Number of Monthly Finance  Financed Payments Payment Charge APR $6,200 24 $335.83

What will be an ideal response?

Business

Which of the following would be an appropriate use of digital medium?

A) When you want to make a formal impression B) When you are legally required to provide information in print C) When you want to stand out from the flood of electronic messages D) When you want to introduce yourself to a customer or client E) When you need a permanent, unchangeable or secure record

Business

All of the following can be used to describe reliability of accounting information except:

a. biased. b. credible. c. verifiable. d. supported by source documents.

Business

Which is not an absolute fit index?

A) CFI B) SRMR C) NFI D) Chi-square E) A and C

Business