4. How important is pricing to a business and what impact does pricing have on the bottom line of a business? What are some decisions that business owners will likely have to make regarding pricing strategies, such as pricing incentive options? Identify some pricing incentive options and explain. 5. What are the types of consumer credit and how might a business determine what types of consumer credit to offer? What are the risks and benefits for entrepreneurs when accepting or extending credit and how does credit affect profit?

will mark brainliest

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan