Phase 4 Discussion Board Essay Example | Topics and Well Written Essays - 500 words - 1

Phase 4 Discussion Board - Essay Example Yes, I would switch to the Visa Student Card. This is because the interest charged using the Visa Student Card of $270 is lower compared to the interest charged using my existing credit card of $412.50. Most important, I would switch to any credit card that offers lower interest rate on my purchases after six months taking in account that the credit cards offers an interest rate of 0% on all purchases and balance transfers for six months. In case of Open-End Credit, a borrower can continue to borrow (purchase) and pay in various amounts. In case of Closed-End Credit, the lender tells the borrower how much they can borrow and a fee schedule is set up, which the borrower pays until the debt is paid off. In general, Open-End Credit is for small purchases and Closed-End Credit is for bigger purchase. Credit card purchases are an example of Open-End Credit and a Car loan taken is an example of Closed-End Credit. Many large appliance stores offer simple interest loans to their customers. For example, suppose a customer is interested in purchasing a $1,400.00 refrigerator at Myer Appliances. The customer is unable to pay the total amount at the time of purchase, so Myer’s lets the customer make a down payment of $140 and then 12 monthly payments of $120.75.   Suppose that you are unable to pay the total amount for your appliance at the time of purchase, so you take out a simple interest loan. The store will let you make a 10% down payment and then make 12 equal monthly payments for the remaining balance at a simple interest rate of

Strategic Planning & Decision Making (SWOT Analysis) PART TWO Assignment

Strategic Planning & Decision Making (SWOT Analysis) PART TWO - Assignment Example The company mission statement; to save people’s money as a way of uplifting their lives has shaped the company policies. This is because the company has focused on cost reduction in order to ensure price leadership (Kneer 2009). The company targets the medium income earners with an average annual income of $35000. The company has also focused on implementing new technology as a way of keeping it ahead of its competitors and ensuing that it delivers quality products and services to its consumers. One of the main strengths that Wal-Mart has is that they are able to offer a wide array of goods in one store. Moreover, because of its large scale of economies, the company is able to offer competitive prices which are highly discounted with make them offer the best prices. This makes the company stand out because its rivals may not have the advantage since they may not have the advantage of getting huge discounts from supplier that comes with buying goods in bulk. These discounts are then passed down to the consumers (Kurtz, 2013). The consumers can thus buy different good within a single store at low prices which is quite convenient. Another strength that makes the company outstanding is the fact that the company sells goods with their own brands together with good from other major brands. This makes it possible for the company to reach out to a wider market as it supplies different segment of the market. This is in contrast with her competitors who may focus on selling products form a single brand. The consumers thus have a wide range of substitute products to pick from which is convenient. A major weakness facing this company is that since it is focused on offering goods at low prices, its clients may sometimes question the quality of these products. This is because high prices are often associated with high quality. The company could overcome this problem by consistently ensuring that all