Social Media Is an Easy Way for Customers to Communicate

question 131

True/False

Social media is an easy way for customers to communicate with companies. However, it is not an easy way for companies to communicate with customers.

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Definitions:

Effective Rate

The annual interest rate on a loan or investment, taking into account the effect of compounding, as opposed to the nominal rate which does not.

Annuity

A financial scheme that guarantees a set sequence of disbursements to an individual, frequently used to secure income in retirement.

GMAC Purchase Finance

Financial services related to buying, typically provided by General Motors Acceptance Corporation, focusing on auto loans and leases.

Cash Purchase Price

The amount of money required to buy a good, service, or asset without financing or credit.