Which of the Following Is Not a Typical Potential Problem

question 40

Multiple Choice

Which of the following is not a typical potential problem that can occur in a credit bureau file?

• A)You may be mixed up with someone else with a similar name.
• B)Accounts may be listed as still open that are actually closed.
• C)Accounts may be listed that you never had.
• D)The wrong credit bureau handles your case.
• E)A creditor may fail to report a payment or payments.

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Definitions:

Number of Firms

The total count of businesses operating within a particular market or industry.

Price Leadership

A strategy where the dominant firm in a market sets the price of goods or services, and other competitors follow suit, often seen in oligopolistic markets.

Industry Agreement

A collective consensus or a formal contract among companies within the same industry, often regarding standards, pricing, or other competitive practices.

Nonprice Competition

A marketing strategy in which a company tries to differentiate its product or service from competing products on the basis of attributes other than price.