24. NIO waits until the electric vehicle market is standardized and then enters market with low-cost option. What business model is this an example of?

Entrepreneurial Model

Customer Service Model

Profit Pyramid Model

Time Model

Efficiency Model

Question Title

25. A $10.00 million investment in a piece of equipment (with a useful life of five years) expects to receive the following net cash flows in savings: $1.75 million annual net cash flow savings in years one and two ($3.50 million over those two years); $1.50 million in annual net cash flow savings in years three and four and five ($4.50 million over those three years). This $10.00 million purchase of equipment will take place on 12/31/20, and these projected net cash flows will be received at the end of each year (12/31 annually). The equipment has a scrap value, and the company expects to sell the equipment at the end of the five years and receive $5.00 million in net proceeds from the sale. What is projected five-year internal rate of return of this investment?

2.7%

6.8%

7.5%

10.5%

Question Title

26. In the VRIN test, what is necessary for the short-term and is lacking by the rivals?

Valuable

Rare

Inimitable

Non-Substiutable

Question Title