One of the Unpleasant Secrets About Using Your Credit Card

question 131

Multiple Choice

One of the unpleasant secrets about using your credit card for a cash advance is that

• A)there is usually a 6 to 8 percent upfront fee on the amount.
• B)the APR on the cash advance is typically lower than the APR for normal purchases.
• C)payments do not apply to cash advance balances unless the balance for regular credit purchases is zero.
• D)All but B apply to cash advances.

---

Definitions:

New-product Development Process

The series of steps from idea generation to market launch that companies follow to create and introduce a new product.

Business Opportunities

Opportunities in the market where products, services, or business practices can be introduced or improved for potential profit and growth.

Screeningevaluation

An initial assessment process to determine the viability, risk, or worthiness of a project or candidate.

New-product Strategy Development

A process involving market research, product development, and marketing strategies to launch a new product successfully.