Which of the Following Is True About the Home Buyers

question 21

Multiple Choice

Which of the following is True about the Home Buyers' Plan?

• A)It's a government program which enables first time home owners with less than five percent down payment to purchase a home using CMHC insurance.
• B)It's a government program exempting Canadian first time home buyers in certain provinces from land transfer tax.
• C)It's a government program allowing first time home buyers to withdraw $20 000 from their RRSPs tax free as long as paid back within ten years.
• D)It's a government program allowing first time home buyers to withdraw $25 000 from their RRSPs tax free as long as paid back within fifteen years.

---

Definitions:

Brand Equity

The value a brand adds to a product, including how well-known and regarded the brand is among consumers.

Brand Image

The perception of a brand in consumers' minds, constructed by branding efforts, media, and consumer experiences, reflecting the brand's identity, values, and promise.

Co-Branding Strategy

A partnership between two or more brands to jointly market a product or service, leveraging the strengths of each to reach a broader audience.

Brand Equity

The value and strength of a brand that is determined by consumer perception, recognition, and loyalty, which ultimately influences a brand's ability to generate financial performance.