Sales activity and sales promotion
What is the difference between "sales activity" and "Sales promotion". Give examples
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Assume that the ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 11.5% and the payout ratio increases to 0.8. The cost of capital is 11.5%.
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Small relative to intercar spacing and that our experiment begins the instant after the zeroth car goes by. Determine, in as simple form as possible, expressions for the probability that:
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