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1. Cirque de Soleil's shift from animals, candy and beverage concessionaires in the aisles, and feature performers to a live theater, operatic-style format exemplifies this type of value innovation:

Raise

Create

Reduce

Eliminate

2. George took on a 30-year, $250,000 conventional mortgage with an interest rate = 5%. How much interest did George pay in year 5?

Financial Management, Finance

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