The Solution to the Recent Financial Crisis Is

question 8

Multiple Choice

The solution to the recent financial crisis is

• A) better financial disclosure and adequate regulatory supervision of credit markets.
• B) higher borrowing costs for riskier firms.
• C) higher interest rates to discourage risky borrowing.
• D) expansionary fiscal policy.
• E) government extending credit to consumers and firms.

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Definitions:

Telemarketing

Personal selling conducted entirely by telephone, which provides a company’s marketers with a high return on their expenditures, an immediate response, and an opportunity for personalized two-way conversation.

Missionary Selling

A sales technique where the seller focuses on the benefits of the product rather than making an immediate sale, often educating the customer on the product’s value.

Potential Customers

Individuals or organizations that are likely to be interested in a company's products or services but have not yet made a purchase.

Finalizing a Sale

The process of completing a transaction wherein the buyer receives the product or service and the seller receives the payment.