To Truly Understand Your Customers, You MUST ___

question 51

Multiple Choice

To truly understand your customers, you MUST ___

• A) tell them why they need your product.
• B) hire the best marketing research firm available.
• C) listen carefully and adapt based upon what they say.
• D) advertise in multiple media forms, like the Internet.
• E) All of the above

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Definitions:

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from then on.

Simple Interest

Simple interest is interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Present Value

The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.

Amortized Loan

A loan repaid in equal periodic amounts (or “killed off” over time).