Possible Sources of Information About a Credit Applicant Include

question 265

Multiple Choice

Possible sources of information about a credit applicant include:

• A)financial statements submitted by the applicant.
• B)reports of credit agencies.
• C)U.S. Department of Commerce.
• D)a and b.

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Definitions:

Internal Data Sources

Information collected from activities within the organization, used for decision making and strategic planning.

Test Market

A geographic region or demographic group used to gauge the potential success of a product or service before a wider market launch.

Experimental Market

A market or test area where new products or services are introduced to measure consumer response and behavior.

Simulated Market

An artificial environment created for research, training, or testing, mirroring real-world market conditions without the economic risks.