Unsought Goods and Services Are Products Consumers Do Not Actively

question 128

True/False

Unsought goods and services are products consumers do not actively seek out for purchase on a regular basis.

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Definitions:

Rule Of 72s

A shortcut to estimate the number of years required to double the invested money at a given annual rate of return.

Compounds Interest Annually

The calculation of interest on the initial principal, which also includes all accumulated interest from previous periods on a loan or deposit, done once a year.

Checking Account

A bank account that allows for the deposit and withdrawal of funds and is typically used for day-to-day transactions.

Pays Bills Online

The process of using internet banking or payment platforms to settle invoices or bills.