Checks Received as Negotiable Instruments Act as Extensions of Credit

question 4

True/False

Checks received as negotiable instruments act as extensions of credit.

---

Definitions:

Unsought Products

Items that consumers do not normally think of buying or do not know exist until they are brought to their attention through advertising or word-of-mouth.

Promotion Strategies

Various marketing techniques used to increase consumer awareness of a product or service to stimulate sales and create brand loyalty.

Generating Awareness

The process of making potential customers conscious of a product, service, or brand through marketing and promotional activities.

Unsought Product

A type of product that consumers do not actively seek out to buy, often requiring significant marketing efforts.