Question
When a bank withdraws an unprofitable product to focus
resources elsewhere, it is following:Solution
Product elimination removes low-performing offerings to optimize portfolio. Why others are incorrect: Diversification adds products; Market development expands geography; Penetration increases share; Concentrated targeting focuses on niche. Banking Example: Discontinuing outdated deposit scheme.
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What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?
If Rs. 12000 is invested at a simple interest at the rate of 5% p.a., Rs. 4800 is obtained as interest in certain years. In order to earn Rs. 6400 as i...
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