The Inconsistent Nature of Services Can Be Used by Marketers

question 103

True/False

The inconsistent nature of services can be used by marketers to their advantage.

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Definitions:

Interest

The expense associated with taking out a loan or the earnings from an investment, usually quantified as a percent of the initial amount.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, which represents the actual yearly cost over the term of a loan.

Periodic Compounding

Periodic compounding involves the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.

Mortgage Loan

A loan secured by real estate. Commonly referred to simply as a mortgage.