________ Is the Performance Characteristics, Features and Attributes, and Any

question 40

Multiple Choice

________ is the performance characteristics, features and attributes, and any other aspects of goods and services for which customers are willing to give up resources.

• A) Cost
• B) Performance
• C) Convenience
• D) Value

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Definitions:

Pay Off

To complete the payment of a debt, thereby fulfilling a financial obligation.

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year on the initial principal and previously earned interest.

Amortized

The process of paying off debt through regular payments over a period, which includes both principal and interest.

Compounded Monthly

The frequent calculation and addition of interest to an investment or debt balance each month.