Rotating Credit Associations Depend on Voluntary Compliance to Work and Once

question 29

Multiple Choice

Rotating credit associations depend on voluntary compliance to work and once in there is

• A) strong social pressure to continue paying regularly.
• B) a need to spend money regularly.
• C) a desire for riches.
• D) an individualistic view of saving.

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Definitions:

Target Market

A target market is a specific group of consumers at whom a company aims its products and services, defined by various demographics such as age, gender, income level, and personal interests.

Business-to-business

A sales model focusing on the transaction of products or services between companies, rather than between a company and individual consumers.

Demographic

Statistical data relating to the population and particular groups within it, used to identify markets and understand consumer segments.

Geographic

Pertaining to the physical locations or regions, often used in marketing to describe the distribution of markets or the targeting of customers based on where they live.