Alice Has Turned to a Credit Union for All of Her

question 75

Multiple Choice

Alice has turned to a credit union for all of her financial service needs.What is the purpose of a credit union?

• A) to promote thrift
• B) to provide a safe place to save at reasonable rates
• C) to provide a safe place to borrow at reasonable rates
• D) All of these are purposes of credit unions.

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Definitions:

Intensive Distribution

A strategy where a product is distributed through as many channels and outlets as possible to saturate the market and maximize product availability.

Convenience Goods

Products that are easily accessible to consumers and purchased frequently with minimal effort.

Selective Distribution

A distribution strategy where a product is available in selected outlets within a geographical area, allowing manufacturers to choose more strategically where their goods are sold.

Intermediaries

Entities or individuals that act as a middle-man in transactions or processes, facilitating interaction between two parties.