How might competitive pressures have led to different types of checking accounts?

1 answer:

5 0

Competitive pressures have made banks have different benefits and requirements for holding a checking out with them. If each bank had the same requirements for a checking account as the next one did, there would be no advantages or reasons to work with different banks. The different types of accounts and what they offer can reach different clients and needs of a consumer.

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The part of the combined price allocated to the product is less than 50% which might be around 35-40%.

<u>Explanation:</u>

Since the price of the product all alone is $450 and the price of the service alone is $550, so the combined amount totals up to be nothing less than $1000. But the company under the discount and offer, offers the both things combined for $800.

This shows that the company is under some loss which it has to incur. The loss is of $200 under the discount to be offered to the clients which serves as the incentive to the customers.

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Answer:

the issue price of the bond is $8,640,999

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The computation of the issue price of the bond is shown below:

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Principal $10,000,000 0.45639 $4,563,900

Issue price of the bonds $8,640,999

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