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R = annual percentage increase
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Then, at start of year 3, revenue is (X*(100+R))*(100+R)
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.adslot-overlay {position: absolute; font-family: arial, sans-serif; background-color: rgba(0,0,0,0.65); border: 2px solid rgba(0,0,0,0.65); color: white !important; margin: 0; z-index: 2147483647; text-decoration: none; box-sizing: border-box; text-align: left;}.adslot-overlay-iframed {top: 0; left: 0; right: 0; bottom: 0;}.slotname {position: absolute; top: 0; left: 0; right: 0; font-size: 13px; font-weight: bold; padding: 3px 0 3px 6px; vertical-align: middle; background-color: rgba(0,0,0,0.45); text-overflow: ellipsis; white-space: nowrap; overflow: hidden;}.slotname span {text-align: left; text-decoration: none; text-transform: capitalize;}.revenue {position: absolute; bottom: 0; left: 0; right: 0; font-size: 11px; padding: 3px 0 3px 6px; vertial-align: middle; text-align: left; background-color: rgba(0,0,0,0.45); font-weight: bold; text-overflow: ellipsis; overflow: hidden; white-space: nowrap;}.revenue .name {color: #ccc;}.revenue .horizontal .metric {display: inline-block; padding-right: 1.5em;}.revenue .horizontal .name {padding-right: 0.5em;}.revenue .vertical .metric {display: block; line-height: 1.5em; margin-bottom: 0.5em;}.revenue .vertical .name, .revenue .vertical .value {display: block;}.revenue .square .metric, .revenue .button .metric {display: table-row;}.revenue .square .metric {line-height: 1.5em;}.revenue .square .name, .revenue .square .value, .revenue .button .value {display: table-cell;}.revenue .square .name {padding-right: 1.5em;}.revenue .button .name {display: block; margin-right: 0.5em; width: 1em; overflow: hidden; text-overflow: clip;}.revenue .button .name:first-letter {margin-right: 1.5em;}a.adslot-overlay:hover {border: 2px solid rgba(58,106,173,0.9);}a.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}a.adslot-overlay:hover .revenue {border-top: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}div.adslot-overlay:hover {cursor: not-allowed; border: 2px solid rgba(64,64,64,0.9);}div.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);}div.adslot-overlay:hover .revenue {border-top: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);}6_4_2012_11_48_48_am.jpgTurn The inner bit towards you until it goes in fully then turn it on and it might work. Thats what I did and it worked

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Give 5 examples of classification of technology


Hello, Mikee Manala:

This sounds like a test question, so let's get you started.

The basic classes of technology are processes, products and tools.

A process is the actual physical operation necessary to produce an effect. The process can be in the form of an action (sports, entertainment, performances), the use of tangible goods, or services, or financial objects (renting, advertising, credit lines), or the creation of goods (food, clothes, shelter, xbox).

In order for a process to be continued, it must realize a value or generate a profit, otherwise it is left behind as a toy or curiosity. Some processes achieve product status without the creation of tangible value, such as entertainments and games. A product is a good or service which will provide revenue, income, or cash for the provider. Financial service offers literally thousands of products in the form of the use of financial objects, such as credit cards and mortgage points. House paint, and the services of the person actually applying that paint to the walls, are both products.

Tools are processes which enable a product to remain a product, and evolve that product so that it continues to be useful in more ways. The formula for a popular soft drink has not changed in over 100 years, but tools, such as advertising at sports and entertainment events, and computerized processing at the factory, keep the product alive and generating revenue. Tweaking the product to maintain marketability can have adverse affects, such as growing tobacco with higher levels of nicotine, and this is also a tool. Guarding gaming software involves much more technical tools, and sometimes thousands of people, because of its vulnerability to accidental or malicious interference.

When a product no longer generates more revenue than it costs to maintain it, the product disappears, or becomes an entertainment. Many times such products are an emotional event, such as a concert, opera or horse race, and can continue to generate revenue for an obsolete object, or one which will not change. Sometimes the product is a person, such as a famous actor or musician, who performs a service which would be less valued if performed by someone else.

This is also true for those who sell illegal and malicious substances. These criminals rely upon the emotional atmosphere created in group entertainment to induce others to buy drugs and alcohol, or maliciously give such substances for sport.

Now, I've given several examples of technology classifications in these 4 paragraphs, and also some factors which influence how these classifications are applied in different industries. Read over, then decide what makes each one different or the same. Don't get caught quoting. Good luck on your test.

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1 Answer

I must not understand what a margin is so could someone explain, the instructions give this example: If I purchase something for $2000 and want to make a 20% profit I would need to sell it for $2500 (2000...


Hi,
I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400$ by 2400$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).

Margin = Markup /(price + Markup)
Markup = Margin* (Price +Markup)
Markup = Margin*Markup + Margin* Price
Markup*(1-Margin) =Margin*Price
Markup = Margin*Price/( 1-Margin)
For Price =2000, Margin =0.2 (that is 20%)
Markup = 0.2*2000(1-0.8) =0.2*2000/0.8
Markup = 2000*(0.2/0.8)= 2000*0.25 = 500

Thus to have a (net) profit margin of 20%, an item costing 2000$ must be marked up by 500$.

Try not to reason with numbers. Write the defining relation and use algebra to isolate for the variable you seek.

Hope it helps.
Thank you for using Fixya and for rating this solution.


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